CADJPY

CADJPY is testing a support zone. This comes after the market rejected the top of the Daily timeframe structure and traders anticipate a massive drop. A break and close below the support will alert traders and confirm further downside momentum.

CHFJPY: Similar to CADJPY, CHFJPY has the same structure from the higher timeframe and traders are bearish. At the moment the market is testing the support zone and a break and close below the zone will confirm further downside momentum

XAUUSD: (update)

GOLD broke below the structure as per the previous commentary. Now a new structure is developing as seen by how the market forms the highs and the lows. An aggressive break and close above the flag will confirm more bullish momentum.