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
Technical levels: support – 0.7530, 0.7590; resistance – 0.7620, 0.7660
- Buy — 0.7630; SL — 0.7610; TP1 — 0.7690; TP2 — 0.7730.
- Sell — 0.7600; SL — 0.7620; TP1 — 0.7530; TP2 — 0.7510.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; a market testing the Cloud’s 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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