Gold, EUR/USD, USD/JPY – Price Action Analysis and Technical Outlook

slipping back below the $2,350 mark at the start of the new week. Should losses intensify in the days ahead, a potential support zone emerges near May’s low and the 50-day simple moving average around $2,280. Below this area, attention will shift to $2,260.

Conversely, if sellers mount a comeback and drive the pair below the previously mentioned simple moving average indicators, sentiment towards the euro could start souring, creating the right conditions for a pullback towards 1.0725 and 1.0695 thereafter. Additional losses below this crucial floor could trigger a descent towards 1.0650, May’s trough.USD/JPY continued its upward trajectory on Monday, consolidating above the 156.00 handle.

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