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The Daily Markets Watch: GOLD, USDJPY & EURGBP (13.12.21)

Gold prices remain glued below $1800 as markets wait for FOMC on Wednesday. Could the Fed spark a new bearish sequence towards $1700? Traders watch the $1768 closely ahead of the event.

USDJPY seems to be somewhat flat too. However, short-term bias sees more upside towards 114, where a rejection might be seen as a trigger to revisit the territory below 113.

As both European CBs prepare for their last monetary policy meeting of 2021, will narrative favor the former or the latter? The EURGBP chart points at a further downside towards 0.85.

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