With the US presidential election drawing to a close, investors are turning more cautious. Recent gains in the S&P 500 were unsustainable and EUR/USD also slumped back to its 200-day average. USD/JPY, however, remains stubbornly bid, though there is still has resistance to overcome near 80.63/67 in the short term. As profit taking unfolds ahead of the events this week, gold was strongly undermined, taking the lead from silver.
Click here to read the full report: Technical Research
Barclays Capital