CAD/JPY reversed from resistance zone Next sell target - 84…
AUD/USD broke key resistance level 0.7510
- AUD/USD broke key resistance level 0.7510
- Next buy target - 0.7670
AUD/USD continues to rise after the earlier breakout of the key resistance level 0.7510 (which stopped the earlier minor correction (a) in May, as can be seen below). The breakout of the resistance level 0.7510 was preceded by the breakout of the resistance trendline of the daily down channel from March (which has enclosed the previous minor impulse sequence 1). AUD/USD is expected to rise to the next buy target at the next resistance level 0.7670 (top of the previous minor correction (ii) from March). Strong support now stands at 0.7510.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…