It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
AUD/USD: aussie in positive mood
Technical levels: support – 0.7235; resistance – 0.7300.
- Buy — 0.7240; SL — 0.7220; TP1 — 0.7300; TP2 – 0.7330.
Reason: extremely narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are in positive area and may continue uptrend.
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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