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Dow Jones sideways trade at resistance suggests the market thinks the resistance level is important. A potential selloff could give back 5-7% of the recent gains.

The USD/JPY has turned lower this morning, after initially attempting a bullish breakout.

The USD/JPY has turned lower this morning, after initially attempting a bullish breakout.

Dow Jones reverses as anticipated and the selloff could give back 5-7% of the recent gains. Using a triangle pattern as the analog, we anticipate support near 16,500.

Dow Jones reverses as anticipated and the selloff could give back 5-7% of the recent gains. Using a triangle pattern as the analog, we anticipate support near 16,500.

Gold prices fall to 4 week lows. Sentiment and technical analysis suggest a turn may be forming nearby.

Gold prices fall to 4 week lows. Sentiment and technical analysis suggest a turn may be forming nearby.

The GBP/USD continues to decline towards new weekly lows.

The GBP/USD continues to decline towards new weekly lows.

The EUR/USD has opened Mondays trading, moving inside of a 44 pip trading range.