EURUSD

EURUSD was little changed today, trading at 1.0714, the lowest in more than four months after falling by another 1.48 in a week. Todays calendar will have no major releases, thats why the markets are likely to remain focusing on the US developments after Trumps victory. 

1.0745, 1.0715 executed and 1.0685 are support levels for daytraders. 1H RSI is almost at support level 30 so the correction may happen again, targeting 1.0750.

USDJPY

With seven consecutive weekly gains, USDJPY traded higher today at 153.63 after it gained by 0.81 in a week. It was both USD strength US bond yields that kept this currency pair elevated. In the meantime, the Japanese officials kept giving verbal warnings against Yens excessive weakness, is BoJ going to intervene again? Keep an eye on BoJ measures. 

Price action remained strongly bullish, heading higher to 154. 152.20 is an important support unlikely today then 151.40.

GBPUSD

What happened to the Pound in the last week? GBPUSD fell by 0.34 last week, trading almost unchanged today at 1.2911, unlike EURUSD that fell by more than 1.4 in a week. One thing that kept the demand for GBP was that BoE was less dovish than the estimates which means that cutting the rates in the UK is unlikely to be aggressive. Interest rate in the UK stayed at 4.75, higher than EZ Japan. 

Price action remained sideways amid tight range of trading between 1.2850 1.29690. 1.2850 is a major support to rebuild positions.

Gold

Gold…