Recommendation: BUY 0…
AUD/USD: aussie supported by Cloud
Technical levels: support – 0.7600; resistance – 0.7650, 0.7690.
- Buy — 0.7620; SL — 0.7600; TP1 — 0.7690; TP2 — 0.7730.
Reason: narrow bullish Ichimoku Cloud with rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, horizontal Tenkan-sen and Kijun-sen; the prices supported by Senkou Span A and the market may go higher.
USD/JPY has posted slight gains in the first half of past week as political tumult over Trump's obstruction of justice subsided…
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…