AUD/USD: aussie will continue uptrend

AUD/USD: aussie will continue uptrend

Technical levels: support – 0.7680; resistance – 0.7760

Trade recommendations:

  1. Buy — 0.7700; SL — 0.7680; TP1 — 0.7760; TP2 — 0.7790.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are breaking out the resistance of 0.7680 and may go higher.




USD/JPY: the Bears have won

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines



Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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