Recommendation: BUY 0…
AUD/USD: aussie supported by Tenkan and Kijun
Technical levels: support – 0.7580; resistance – 0.7620, 7670
- Buy — 0.7600; SL — 0.7580; TP1 — 0.7670; TP2 — 0.7700.
Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices made the new highs and corrected to support of Tenkan-sen and Kijun-sen.
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…