23 May 2017
powered by Land Prime
US New Home Sales: Tuesday, 14:00. Sales of new homes trigger wider economic activity and are correlated with the economic cycle. The data for March showed a rise to 621K in annualized sales. A level of 611K is on the cards now.
USD US NEW Home Sales
- GOLD
The pair is traded right below a very strong resistance level that could be found around 1265. If the pair respects this level, then the pair may go down to reach the level of 1260 followed by 1255.
Resistance levels: |
Support levels: |
Recommended: |
▪ 1265 ▪ 1260 ▪ 1270 |
▪ 1230 ▪ 1220 ▪ 1200 |
We remain bearish as long as the pair is traded below the level of 1265 |
- GBPJPY
The pair is traded above a strong support level that can be found at 143.20. So, we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 144 followed by 145 during the day. On the other hand, if the level of 143 is breached, then the way would be open for the pair to reach the level of 142 followed by 141.
Resistance levels: |
Support levels: |
Recommended: |
▪ 144 ▪ 145 ▪ 146 |
▪ 142 ▪ 141 ▪ --
|
We remain bullish as long as the pair is traded above the level of 143.20 |