Gold Long set-up.

In Gold we have a nice set-up on the Daily chart.  After forming an inside day on Friday, Gold broke out to the downside today before re-tracing the entire move and duly forming a false-break hammer candle on the daily chart.  This has occurred at previous support and after a gradual loss of momentum in selling pressure since topping out in Feb. If we can close above the 1630-35 level I will be looking to get long...

 

    

GBP/JPY follow up.

We have seen this pair trade-up to a key resistance level where I have taken profit for a respectable 2/3:1 risk reward.  I will be watching for further price action set-ups here...

Long Set-Up in GBP/JPY

We have seen a false-break lower in the GBP/JPY pair today forming hammers on both the Daily and 4hr time - frames as illustrated below.  This Bullish price-action has coincided with the 38.2 Fib retracement.  I have accordingly initiated a long position and will aim to run it to new highs if the dominant Bull trend can prevail.