It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
AUD/USD: aussie supported by Cloud
Technical levels: support – 0.7260; resistance – 0.7320.
- Sell — 0.7320; SL — 0.7340; TP1 — 0.7260; TP2 — 0.7220.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market in positive area, but it’s overbought – expected correction to Kijun-sen or upper border of the Cloud.
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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