Forex Trader

Let’s take a look at USD/JPY and gold at the end of the week. Both charts tell us that there no risk at all, despite all the drama which is presented from the Greece/EU deal. USD/JPY started the week with support from the previous week as well, at 122.55, after wich the pair has reached the previous resistance at 124.20 only a day latter. On Thursday and Friday, the pair has found new support at 1223.20/30 and ended the week at 123.80. On the other side, precious metal has found resistance between Daily MA100 and MA200 at 1204 level and sharply fall back all the way to 1168. Of the whole week, only on Friday gold manage to reach a minimum profit of  $1.30. Gold looks bearish and fall bellow 1162 could lead down to the next target at 1142, to the lowest level in 2015.