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FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major Pair levels and bias summary 
JPY Currency Scoreboard: USDJPY and NZDJPY Emerge as Top Bullish Pairs to Watch 
- Major resistance - $1358(24th Jun 2016 high)
- Major support - $1324 (21 4H MA)
- Gold has jumped till $1357.50 on Friday and slightly declined from that level. It is currently trading around $1346.
- Gold is facing strong resistance around $1358 and further bullishness can be seen above that level. Short term trend is bullish as long as support $1324 holds.
- On the lower side, any break below $1324 will drag the commodity down till $1305 (7 day EMA and daily Tenkan-Sen)/$1290.
- Any break above $1358 will take the yellow metal to next level $1372/$1392 (161.8% retracement of $1358 and $1304) level in the short term.
- Overall bullish invalidation only below $1200.
It is good to buy on dips around $1340 with SL around $1324 for the TP of $1358/$1372/$1390.
