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 on main support
Technical levels: support – 0.7370, 0.7330; resistance – 0.7390
- Buy — 0.7400; SL — 0.7380; TP1 — 0.7440; TP2 — 0.7490.
- Sell — 0.7360; SL — 0.7380; TP1 — 0.7330; TP2 — 0.7270.
Reason: bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; a market returned to negative area but keep staying over the main daily support.
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...