Brief Market Overview for 2.07.2026

Hello. Below are several recommendations for trading on the Forex market for 2.07.2026

USDJPY

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The USDJPY pair made a new all-time high and formed a Doji pattern. Trade statistics show a very large predominance of sellers, but I do not think it is worth expecting active price growth now. We will probably start a downward correction. Among the visible areas where we may correct to are FVG 160.98 and the 160.31 level. I will not consider sales here, since they are against the trend.

XAUUSD

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Gold got stuck at the 4000.00 level and has already formed a couple of Doji patterns. The price has clearly been stopped and is not being allowed lower. But I also think it is not worth expecting strong growth here yet. You can try buys with targets around the 4366.19 level. But do not forget that they are against the trend, and the upward correction may not happen.

Respectfully, Artem aka TeaDrinker