NZD/USD is looking for a clear direction in the short-term, as the technical indicators are showing a neutral stance…
EUR/JPY: bulls won the battle
BUY 119,25 SL 118,70 TP 121,
BUY 122 SL 121,45 TP 124.
On the EUR/JPYdaily chart, after reaching 161.8% target in AB = CD pattern and breaking the upper border of the downward channel, "bulls" managed to restore uptrend. it is confirmed by the return of quotes to 88.6% level of the CD wave. To continue the rally, the bulls need to update the April high. If the "bears" manage to send the euro below 121.2 and implement the doji bar, the risk for correction will increase. Nevertheless, the buyers will still remain their control over the pair.
On the EUR/JPY hourly chart, the implementation of the downward triangle will create the prerequisites for the correction towards 119.25.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…