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June 15, 2021

Trade Ideas for USDJPY, GOLD, BTC

Frank Cabibi

Bitcoin Breaks Big Level, Gold Confused, Yen Hurting
6/15/2021

USD/JPY Analysis 
Mixed numbers reported on the USD this morning as core retail sales missed and the change of price of finished goods and services beat expectations. On the 4H chart, UJ looking like it will try to keep pumping up to the top of the channel and test recent highs around 110.323.
Gold Analysis 
Gold price recovers off support on the 4H timeframe, and now it hovers just under resistance. investors are mixed about this metal as the DXY continues to rise even though inflation continues to hurt the dollar.
Bitcoin Analysis 
Bitcoin successfully closed above a key resistance level on the 4H which is a bullish sign for bitcoin investors. Price also crossed above its 200 SMA signifying an uptrend for this crypto. I think BTC will keep testing the top of the trend line before breaking above.

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