In this week’s outlook for US30, NAS100, GBP/JPY, USD/JPY, and XAU/USD, we will be discussing the potential market movements and key levels to watch out for.
Starting with US30, the Dow Jones Industrial Average, we are seeing a bullish momentum as the index continues to climb higher. Key resistance levels to watch out for include 34,000 and 35,000, while support levels are at 32,000 and 30,000.
Moving on to NAS100, the Nasdaq 100 index, we are also seeing a bullish trend as tech stocks lead the market higher. Key resistance levels to watch out for include 14,000 and 15,000, while support levels are at 12,000 and 10,000.
In the forex market, GBP/JPY is showing a mixed outlook as the British pound faces uncertainty with Brexit negotiations. Key resistance levels to watch out for include 150.00 and 155.00, while support levels are at 140.00 and 135.00.
USD/JPY is also showing a mixed outlook as the US dollar faces volatility with economic data and geopolitical tensions. Key resistance levels to watch out for include 110.00 and 112.00, while support levels are at 105.00 and 100.00.
Lastly, in the precious metals market, XAU/USD, or gold, is showing a bullish trend as investors seek safe-haven assets amid market uncertainty. Key resistance levels to watch out for include $1,800 and $1,900, while support levels are at $1,600 and $1,500.
Overall, it is important to keep an eye on economic data releases, central bank announcements, and geopolitical events that could impact the markets. Stay tuned for more updates on these assets in the coming week.