XAU/USD plunges around 3.356 as USD strengthens and trade tensions ease

Commodity

Summary:

XAU/USD traded around $3,355.94/ounce, down 0.49% from the previous session as the weakening USD showed signs of a slight recovery and trade tensions between the US and China showed signs of easing after a phone call between Mr. Trump and Mr. Xi Jinping...

SELL XAUUSD

Close Time

CLOSED

3356.00

Entry Price

3340.00

3380.00

4329.03 +29.64 +0.69%

160.0

Pips

Profit

3340.00

3339.99

Exit Price

3356.00

Entry Price

3380.00

Macro Overview

Recent weak US economic data, with the ADP report for May reporting just 37,000 new jobs, well below the forecast of 110,000, supported gold prices on June 4 as the dollar weakened by 0.5%. However, on June 5, when the US and China agreed to continue trade talks, gold reversed and fell nearly 1% as risk sentiment returned, reducing demand for haven assets. However, the long-term trend still shows central banks continuing to accumulate gold, with a forecast of 1,000 tonnes of purchases by 2025, reflecting safe-haven demand amid a wave of diversification away from the dollar. Geopolitical tensions and easy monetary policies from major central banks remain fundamental support for gold, although short-term momentum is under pressure as the dollar recovers slightly

Market psychology

Market sentiment for gold is currently fluctuating between expectations of cooling inflation and monetary policy easing, while US economic data remains "stuck" with no clear trend.. The “Fear Greed” index in the precious metals market remained neutral – leaning towards “fear” as gold prices failed to hold above $3,400, reflecting that investors are still waiting for this week’s US employment data to determine the next trend direction. The latest CFTC data shows that hedge funds are reducing their long positions in gold, implying that institutional traders are reducing risks at the current price range and waiting for a clear signal from the Fed as well as the trade situation.

Technical analysis

XAU/USD plunges around 3.356 as USD strengthens and trade tensions ease_1

On the M15 chart, XAU/USD is trading around $3,355.94, below the Bollinger Bands MA20 (20,0,2) estimated at around $3,378, indicating increasing technical selling pressure.. The upper and lower Bollinger Bands are around $3,403 and $3,339 respectively, with the price touching the lower border, suggesting a possible further test of the $3,339 support. The Ichimoku Kinko Hyo indicator (9,26,52) on M15 shows the price below the Kumo cloud, with the Tenkan-sen line (9) crossing below the Kijun-sen (26) around $3,380, sending a clear short-term sell signal.. The Kumo cloud ahead is sloping down, creating a resistance zone at $3,400–$3,410, making it difficult for gold to break out without a strong bounce from the macro side. The Stochastic Oscillator (5,3,3) on M15 is in the neutral zone, with %K around 45 and %D around 50, not yet in the oversold zone, indicating that the decline may continue before a technical recovery appears. RSI (14) M15 fluctuates around 50, reflecting that buying and selling forces are balanced, but the downward pressure is slightly higher as the price has not been able to hold above $3,370. Trading volume in the Asian session is lower than average, indicating that money flows are waiting for clear macro signals before increasing selling positions.

Trading Recommendations

Entry: 3.356 USD

Take Profit: 3.340 USD

Stop Loss: 3.380 USD

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

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Adam

Forex

Summary:

USD/JPY traded around 143.65 as the yen received support from news that the BoJ maintained its ultra-easy policy while the dollar was under pressure from weak US jobs data...

SELL USDJPY

Close Time

CLOSED

143.650

Entry Price

142.500

144.200

154.958 -0.856 -0.55%

55.0

Pips

Loss

142.500

144.200

Exit Price

143.650

Entry Price

144.200

Macro Overview

The BoJ kept its interest rate unchanged at 0.5% at its June meeting and said it would only consider raising interest rates when the domestic economy and inflation were strong enough, given that core inflation had yet to reach 2% sustainably. The BoJ also said it would continue to scale back bond purchases as planned, but did not change its overall easing policy, keeping real interest rates in Japan low and limiting further depreciation pressure on the JPY. Meanwhile, in the United States, the ADP report for May 2025 recorded only 37,000 new jobs, much lower than the forecast of 110,000, making the Fed tend to maintain a "wait and see" stance and postpone raising interest rates in the coming months. The recent stream of less positive US economic data also includes declines in the ISM services index and manufacturing PMI, reducing demand for holding USD compared to currencies like JPY which are considered safe havens..

Market psychology

Sentiment on USD/JPY is shifting to a more “risk-off” stance as hedge funds’ net long JPY position increased to 164,000 contracts, down from 167,300 contracts last week, suggesting speculators are waiting for more macro signals before resuming USD longs.

The Asia-Pacific currency group’s “Fear Greed” index has remained around neutral – slightly tilted toward “fear,” indicating indecision for USD/JPY as both sides are weighed down by weak economic data and an uncertain policy outlook. In addition, institutional capital is still moving away from overbought USD positions as the greenback is pressured by expectations of a Fed rate hike delay, while the JPY is slightly supported by its “safe haven” role and the BoJ’s indirect intervention through monetary easing. Data from FXStreet also shows that USD/JPY is under pressure as global risk sentiment temporarily cools.

Technical analysis

USD/JPY Weakens Around 143.65 as BoJ Maintains Dovish Stance and USD Pressured by US Economic Data_1

On the M15 chart, USD/JPY is currently trading around 143.65, just below the estimated MA20 of the Bollinger Bands (20, 0, 2) at 143.85, with the upper and lower bands around 145.00 and 142.50 respectively. The price breaking below the MA20 suggests that technical selling pressure is increasing in the short term. The M15 Tenkan-sen (9) at 143.90 has crossed below the M15 Kijun-sen (26) around 144.10, sending out a clear short-term sell signal.. The Kumo M15 currently has two Senkou Span A and B lines at 144.30 and 144.50 respectively, acting as a resistance zone of 144.30–144.50, making it difficult for the price to break out without a significant breakout. The Stochastic (5, 3, 3) M15 indicator is remaining below 50, approaching the oversold zone (below 20), signaling that selling pressure still has room to continue pushing the price down to the support zone around 142.50. At the same time, the RSI (14) M15 fluctuates around 45, not yet in the oversold zone (below 30) but is showing a slight downward trend, implying that the short-term downtrend is still being consolidated.

Trading Recommendations

Entry: 143,65

Take Profit: 142,50

Stop Loss: 144,20

Risk Warnings and Disclaimers

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Adam

Cryptocurrency

Summary:

BTC/USD is trading around $102,380 according to M15 data from TradingView <br>tradingview.com <br>. This price level reflects a corrective trend after Bitcoin hit the $100,000–$101,000 support zone in the previous session and shows that technical buying is increasing at an attractive price zone...

BUY BTC-USDT

Close Time

CLOSED

102504.9

Entry Price

103400.0

101500.0

89224.5 +196.8 +0.22%

895.1

Pips

Profit

101500.0

103410.3

Exit Price

102504.9

Entry Price

103400.0

Macro Overview

On the macro front, Bitcoin is benefiting from the Fed’s easing cyclical trend as the benchmark US interest rate remains at 5.25% with no signs of further increases in the coming months. The correlation between BTC and the S&P 500 remains at 0.78, indicating that the “risk-on” trend in the stock market tends to push Bitcoin higher when stocks are positive. In addition, geopolitical tensions in Europe and the Middle East have eased compared to last month, reducing the demand for gold as a safe haven, thereby attracting more capital inflows to Bitcoin as a “digital haven”. However, macro risks remain as the US Federal Reserve will release CPI data for May later in the week, which could impact the USD and indirectly affect BTC/USD.

Market psychology

The current market sentiment towards Bitcoin is reflected by the Fear Greed Index at 62/100, indicating that the market is leaning towards a “greed” state but not yet overheated, and there is still caution as the price has not surpassed the resistance level of $105,000. On-chain data from Glassnode recorded that the volume of Bitcoin withdrawals from major exchanges continues to remain high, showing that long-term holders are confident and are not in a hurry to take profits, contributing to strengthening the short-term price increase momentum. On the other hand, the Open Interest index in the futures market is still maintained around 8-9 thousand contracts, showing that institutional capital has not been completely withdrawn and still expects a medium-term price increase. The 24-hour trading volume on Binance was approximately $42.14 billion, down slightly by 3.08% compared to the previous day, reflecting that liquidity is at an average level and there has been no breakthrough fluctuations.

Technical analysis

Is BTC/USD on the verge of a short-term recovery?_1

Currently, BTC/USD is trading around $102,380, above the Bollinger Bands MA20 (20,0,2) estimated at $102,200, while the Bollinger Bands upper band is near $105,200 and the lower band is around $100,000. The price breaking above the MA20 shows that technical buying is dominating the short term. The Tenkan-sen (9) and Kijun-sen (26) lines of Ichimoku Kinko Hyo are intersecting around $102,100–$102,150, giving a slight buy signal. The Kumo cloud ahead is still acting as support around $101,500–$101,800, suggesting that this area will be a strong point for the price to test if there is a correction. The Stochastic indicator (5,3,3) on M15 is rising from the oversold zone (below 20) and is currently at 45, implying that there is still room for buying power to push the price towards $105,000. At the same time, the RSI (14) on M15 is around 52, indicating that the price has not entered the overbought zone (above 70), continuing to open up opportunities for price increases.

Trading Recommendations

Entry: 102.500 USD

Take Profit: 103.400 USD

Stop Loss: 101.500 USD

Risk Warnings and Disclaimers

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Adam

Forex

Summary:

The euro edged up only slightly after Lagarde stressed that the easing cycle could pause after eight straight cuts, while the CAD did not strengthen significantly as the BoC said it would cut interest rates if the Canadian economy weakens under pressure from import tariffs...

SELL EURCAD

Close Time

CLOSED

1.56200

Entry Price

1.55800

1.56600

1.61800 +0.00150 +0.09%

40.0

Pips

Profit

1.55800

1.55797

Exit Price

1.56200

Entry Price

1.56600

Macro Overview

The ECB cut interest rates by 25 basis points to 2% on June 5, but signaled a possible pause in its easing cycle as eurozone inflation fell to 1.9%, close to its 2% target. Christine Lagarde stressed that given current inflation levels and the economic outlook, the ECB is “well placed” to pause and cut only once more by the end of the year if needed. PMI figures on June 4 showed Germany’s services PMI fell to 49.8, dragging the region’s composite index down to 50.2, its lowest since February 2025, suggesting slowing economic growth in the region.

In contrast, the Bank of Canada (BoC) on June 4, 2025 kept its base interest rate at 2.75% and made it clear that it would cut it if the economy weakened significantly due to uncertainty over US trade policy.. The BoC cited the US President's imposition of 50% steel and aluminum tariffs on Canada as the biggest "risk driver" for the Canadian economy. Canada's first-quarter GDP growth of just 2.2% in 2025, largely due to lower public spending and stable energy prices, shows the pressure to keep inflation steady around 3.1% and force the central bank to not raise interest rates again.

Against this backdrop, the monetary policy divergence between the ECB pausing easing and the BoC maintaining interest rates, coupled with less positive eurozone and Canadian data, has kept EUR/CAD in a short-term sideways trend, lacking a strong enough push to break out of the 1.558–1.568 channel..

Market psychology

EUR/CAD market sentiment on 06/06/2025 shows cautious state: hedge funds reduce long EUR/CAD positions after ECB signals end of easing game and BoC warns of trade risks. The “Fear Greed” index of European currencies remains neutral, indicating investors are reluctant to open large positions until more data on Eurozone inflation and Canadian employment figures are available. In addition, institutional money did not suddenly turn to CAD despite the BoC holding interest rates, due to tariff concerns and the unclear economic outlook of Canada.

Technical analysis

EUR/CAD corrects slightly around 1.562 as ECB pauses easing cycle and BoC warns of trade risks_1

Currently, EUR/CAD is trading around 1.5620, just below the MA20 (middle Bollinger Band) at 1.5632, with the upper Bollinger Band (20,0,2) around 1.5680 and the lower band around 1.5580. The price's failure to break above the MA20 and a slight decline suggests that sellers are still in control in the short term.

The Ichimoku Kinko Hyo indicator (9,26,52) on M15 shows that the price is below the Kumo cloud, the Tenkan-sen line (9) at 1.5630 has crossed below the Kijun-sen (26) at 1.5645, generating a short-term sell signal. The front Kumo cloud is sloping down, with Senkou Span A at 1.5635 and Senkou Span B around 1.5660, creating a resistance zone of 1.5635–1.5660.

The Stochastic Oscillator (5,3,3) indicator on the M15 chart is currently around 35, with %K trending down, not yet in the oversold zone (below 20), showing that selling pressure still has room to test the support at 1.5580. RSI M15 is estimated at around 42, below 50, confirming that the short-term downtrend is still dominant.

Trading Recommendations

Entry: 1,5620

Take Profit: 1,5580

Stop Loss: 1,5660

EUR/CAD could fall to 1.5580 in the short term if it stays below MA20 and Tenkan-sen, and if the price breaks the support at 1.5580, it could continue to fall to 1.5530. Conversely, if the price bounces and closes above 1.5635 (with increased volume), the SELL strategy is no longer reasonable and a stop loss should be placed at 1.5660, waiting for a technical pullback to 1.5680 before assessing the new trend.

Risk Warnings and Disclaimers

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Adam

Forex

Economic

Summary:

EUR/AUD is trading around 1.7550 as the euro is under mild pressure from the European Central Bank (ECB) cutting interest rates to 2% and then signaling a possible end to its easing streak, while the Australian dollar is little changed after weak Q1 GDP growth data (0.2%)...

SELL EURAUD

Close Time

CLOSED

1.75750

Entry Price

1.75000

1.76200

1.76670 +0.00233 +0.13%

20.9

Pips

Profit

1.75000

1.75541

Exit Price

1.75750

Entry Price

1.76200

Macro Overview

First, on June 5, 2025, the ECB cut its policy rate by 25 basis points to 2%, warning that the easing cycle may be coming to an end as eurozone inflation fell to 1.9% in May, close to the bank's 2% target.

Figures from the June 4 PMI survey also showed that services activity in the eurozone weakened for the first time since November 2024, when the services PMI fell to 49.8 points, pulling the PMI composite index down to 50.2, the lowest since February 2025.

Against this backdrop, despite the ECB cutting interest rates, the euro only rose slightly as Lagarde reminded that further cuts would depend heavily on future data, limiting expectations of a more aggressive cutting cycle.

On the other hand, Australia announced that its GDP in the first quarter of 2025 increased by only 0.2%, lower than the expected 0.4% and down from the previous quarter's 0.6%, largely due to a decline in public spending and obstacles from severe weather affecting the mining and tourism industries.

The RBA had already cut interest rates to 3.85% on 20 May 2025 and is under pressure to cut further as inflation in Australia cooled to 3.2% (below the target of 2-3%) and is forecast to fall further in the next two quarters. This information has left AUD with little incentive to increase when considering the balance between expectations of further easing and the weak recovery of the economy.

Market psychology

The market is currently maintaining a cautious sentiment towards the EUR/AUD pair. Hedge funds have reduced their long EUR/AUD positions over the past week, suggesting that institutional investors are not rushing to enter positions before there is a clear signal from the ECB and RBA.

Although the ECB has cut interest rates to 2%, President Lagarde's statements highlighting the possibility of a pause in cuts at the next meeting have limited broad-based buying of the euro. At the same time, the AUD is also under pressure as GDP growth in the first quarter is slow and the RBA is likely to cut interest rates again in July, so money is not willing to buy AUD strongly.

As a result, EUR/AUD has been broadly in a narrow range this week, with the Asia-Pacific currency group’s “Fear Greed” index remaining neutral, reflecting the wait for more key data.

Technical analysis

EUR/AUD under slight pressure as ECB cuts interest rates to 2%_1

On the M15 chart of 06/06/2025, EUR/AUD is trading around 1.7850. Important technical levels are as follows:

The middle band (MA20) on the M15 timeframe is estimated around 1.7600, the upper band around 1.7700 and the lower band around 1.7500, indicating that the price is currently close to the lower Bollinger band. The fact that EUR/AUD has repeatedly failed to surpass the MA20 at 1.7600 and turned down from 1.7580 suggests that the short-term downtrend is still dominant.

On the M15 chart, EUR/AUD is currently below the Kumo cloud, with the Tenkan-sen (9) estimated at around 1.7575 crossing below the Kijun-sen (26) around 1.7590, sending a short-term sell signal. The front Kumo cloud is also sloping down, creating strong resistance in the range of 1.7580–1.7600. This highlights the possibility of the price continuing to retreat to the support zone of 1.7530 before a technical pullback.

Stochastic (5,3,3) on the M15 chart is moving down to the oversold zone (below 20), but has not yet reached the bottom, indicating that there is still room for sellers when the price approaches support. If Stochastic drops below 20 and maintains, the price may break the support zone of 1.7530 to head towards 1.7500.

Trading Recommendations

Based on macro and technical analysis on M15 timeframe, the strategy to sell (SELL) EUR/AUD on 06/06/2025 is as follows:

Entry: 1.7575

Take Profit: 1.7500

Stop Loss: 1,7620

Risk Warnings and Disclaimers

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Warren Takunda

Commodity

Traders' Opinions

Summary:

Gold remains buoyant above $3,370 as escalating trade tensions, rising U.S. jobless claims, and a surprise ECB rate cut fuel safe-haven demand.

BUY XAUUSD

Close Time

CLOSED

3364.73

Entry Price

3435.00

3320.00

4329.03 +29.64 +0.69%

447.3

Pips

Loss

3320.00

3319.93

Exit Price

3364.73

Entry Price

3435.00

Gold prices (XAU/USD) steadied near elevated levels on Thursday as a cocktail of central bank easing, labor market weakness in the United States, and renewed geopolitical friction buoyed investor appetite for safe-haven assets. With spot prices holding above $3,370 after testing $3,400 in early European trade, bullion continues to find firm footing amid deepening macroeconomic and geopolitical uncertainty.

The metal's latest gains are underpinned by a dovish pivot from the European Central Bank, which delivered a widely expected 25 basis-point interest rate cut—the first in nearly a year. Although the decision was priced in, market participants parsed ECB President Christine Lagarde’s cautious tone during the subsequent press conference. Lagarde flagged persistent financial stability risks in the euro area, acknowledging that while banks remain resilient, external threats—particularly trade-related—continue to cloud the outlook.

“The risk environment remains fragile,” Lagarde said. “This is a precautionary step aimed at ensuring that monetary conditions remain accommodative enough to support growth as inflation eases.”

The move comes just ahead of a pivotal meeting between German Chancellor Friedrich Merz and U.S. President Donald Trump in Washington. The two leaders are expected to hash out issues ranging from NATO funding to increasingly strained transatlantic trade ties. The diplomatic backdrop has shifted sharply in recent days as Washington doubled tariffs on European and Mexican steel and aluminum imports from 25% to 50%, prompting retaliatory warnings from global counterparts.

Mexican President Claudia Sheinbaum was particularly forceful in her remarks, calling the new U.S. tariffs “unjust, unsustainable, and without legal grounds.” Canadian Prime Minister Justin Trudeau labeled the measures “illegal,” while EU officials have hinted that countermeasures could be imposed as soon as next week if talks fail to yield a resolution.

Across the Atlantic, signs of economic deceleration are becoming harder to ignore. U.S. Initial Jobless Claims rose to 245,000 in the latest weekly reading, exceeding economist expectations of 235,000 and stoking concerns that the labor market is beginning to lose momentum. This followed Wednesday’s weak ADP employment print, which showed private payrolls increasing by just 37,000 in May—well below the 150,000 expected.

All eyes are now on Friday’s closely watched Nonfarm Payrolls (NFP) report. Consensus forecasts suggest 130,000 jobs were added last month, down sharply from April’s 177,000 figure. While the unemployment rate is expected to remain unchanged at 4.2%, a surprise miss could reinforce market speculation that the Federal Reserve may opt for a rate cut as early as July, rather than waiting until September.

Such a shift would be particularly supportive for gold, which tends to benefit when interest rates fall and the opportunity cost of holding non-yielding assets declines.

“Gold is one of the few assets catching a safe-haven bid in a world where central banks are blinking,” said AvaTrade market strategist Naeem Aslam. “With the ECB cutting and the Fed under pressure from rising jobless claims and slower hiring, the path of least resistance for gold remains higher.”

Technical Analysis

Technically, gold remains on solid footing. The yellow metal continues to trade within a short-term bullish channel and recently confirmed a breakout above the key resistance level of $3,365. Momentum indicators, such as the Relative Strength Index (RSI), are flashing bullish signals, while the 50-day exponential moving average (EMA50) provides dynamic support to price action.

As long as gold sustains above $3,365, traders are likely to target the next key resistance level at $3,435. A decisive break above this level could pave the way for a fresh leg higher, particularly if Friday’s U.S. employment data disappoints and further dampens the Fed’s tightening stance.

For now, the short-term trading range is seen between support at $3,330 and resistance at $3,435. The outlook remains bullish, with any dips likely to attract fresh buying interest amid persistent global uncertainties.

TRADE RECOMMENDATION

BUY GOLD

ENTRY PRICE: 3365

STOP LOSS: 3320

TAKE PROFIT: 3435

Risk Warnings and Disclaimers

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Warren Takunda

Economic

Summary:

Sterling surged to its highest level in over two years, breaking above 1.3600 against the dollar as weak US jobless claims data and hawkish signals from the ECB drove broad-based dollar selling.

BUY GBPUSD

Close Time

CLOSED

1.36002

Entry Price

1.39500

1.35400

1.33911 +0.00204 +0.15%

60.2

Pips

Loss

1.35400

1.35398

Exit Price

1.36002

Entry Price

1.39500

The British pound extended its bullish streak on Thursday, breaching the key 1.3600 mark against the US dollar for the first time since February 2022. The rally in GBP/USD gathered pace during the American session as mounting selling pressure on the greenback, triggered by softer-than-expected US economic data, sent investors scrambling for alternative majors. At the time of publication, the pair was trading at 1.3605, up 0.4% on the day, after rising steadily throughout the session.

The key driver behind the pound’s ascent was the latest data from the US Department of Labor, which showed an unexpected increase in initial jobless claims. First-time applications for unemployment benefits rose to 247,000 for the week ending May 31, missing the market consensus of 235,000 and adding to evidence that the labor market may be losing momentum. This print reinforces concerns that the US economy, while still growing, is beginning to cool, particularly in the employment sector.

This shift in sentiment came just hours after the European Central Bank delivered a 25-basis-point rate cut but offset the dovish action with assertive forward guidance. ECB President Christine Lagarde struck a notably hawkish tone in her post-decision remarks, suggesting that the central bank may now be close to ending its easing cycle. She noted that the ECB was in “a good place” and emphasized data-dependence going forward. Her comments sparked a rotation out of the dollar as traders interpreted the ECB’s stance as less dovish than previously anticipated, thereby narrowing interest rate differentials between the eurozone and the United States.

Consequently, the US dollar came under renewed pressure across the board, with the dollar index (DXY) retreating to 98.45, down 0.4% on the day and near a multi-week low. With the dollar losing traction and global investors recalibrating expectations for the Federal Reserve’s next move, sterling emerged as one of the primary beneficiaries.

Market focus now shifts to a barrage of scheduled speeches from Federal Reserve officials due later Thursday, followed by the US nonfarm payrolls report on Friday. Traders will be watching closely to gauge whether Fed policymakers acknowledge the weakening jobs data as reason enough to justify rate cuts in the coming months. According to the CME FedWatch Tool, markets are currently pricing in a 30% probability of a 25-basis-point rate cut as soon as July. Any dovish tilt in Thursday’s commentary or a downside surprise in Friday’s labor report could intensify rate cut expectations and further undermine the dollar.

Technical Analysis

From a technical standpoint, GBP/USD is forming a classic ascending triangle formation on the four-hour chart, often regarded as a bullish continuation pattern. The pair has been consolidating beneath a horizontal resistance zone between 1.36200 and 1.36300, while maintaining higher lows along an upward-sloping trendline. This pattern signals mounting pressure on the resistance zone, with an eventual breakout appearing increasingly likely.

The distance between the base and the top of the triangle measures roughly 325 pips, calculated from the support level around 1.33000 to the resistance zone at 1.36250. A clean breakout above the 1.36300 region would project a target near the 1.39500 area, marking a potential continuation of the bullish trend and offering a compelling upside objective for momentum-driven traders. This level also coincides with a major technical barrier from early 2022, adding to its significance.

Adding further support to the bullish outlook, GBP/USD remains comfortably above its 50-period exponential moving average, which is acting as dynamic support. The Relative Strength Index (RSI) is trending positively, suggesting there is still room for the rally to extend before the pair reaches overbought conditions.

TRADE RECOMMENDATION

BUY GBPUSD

ENTRY PRICE: 1.3600

STOP LOSS: 1.3540

TAKE PROFIT: 1.3950

Risk Warnings and Disclaimers

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