AUD/JPY reversed from support area

AUD/JPY reversed from support area

  • AUD/JPY reversed from support area
  • Next buy target - 83.00

AUD/JPY today reversed up from the support zone lying between the powerful support level 81.20 (low of the previous minor correction (a)) and the lower daily Bollinger Band. The upward reversal from this support area is expected to create the daily Japanese candlestick reversal pattern Bullish Engulfing – if the pair closes this session near the current levels. AUD/JPY is expected to rise further toward the next buy target at next reistance level 83.00.

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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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