It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
AUD/USD: aussie in consolidation on lows
Technical levels: support – 0.7090; resistance – 0.7140
- Sell — 0.7140; SL — 0.7160; TP1 — 0.7090; TP2 — 0.7050.
Reason: expanding bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is in consolidation phase on the daily lows.
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
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