NZD/JPY has performed well this month forming higher lows and highs. It was supported by the 50-day MA in July and took off from that level.
AUD/USD: aussie entered into neutral area
Technical levels: support – 0.7910, 0.7830; resistance – 0.7990.
- Buy — 0.7830; SL — 0.7810; TP1 — 0.7990; TP2 — 0.8030.
- Sell — 0.7920; SL — 0.7940; TP1 — 0.7830.
Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are entered into the Cloud and may going lower to the support of Senkou Span B.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...