It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
AUD/USD: aussie on Cloud’s support
Technical levels: support – 0.7400; resistance – 0.7440/50
- Buy — 0.7400; SL — 0.7380; TP1 — 0.7450; T2 — 0.7490.
- Sell — 0.7380; SL — 0.7400; TP1 — 0.7330; T2 — 0.7300.
Reason: narrow bullish Ichimoku Cloud and falling Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen; the prices are returned to Cloud and keep staying on its support.
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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