EUR/JPY: close to reach a key support area

EUR/JPY: close to reach a key support area

EUR/JPY has been taking a rest in the bullish bias started from the lows of March and the resistance level of 133.49 is helping to cap further gains. Currently, the pair is on its way to reach the Fibonacci zone of 50% at 131.21. If a rebound happens over there, then we can expect a rally to test the Fibonacci area of -23.6% at 134.56. To the downside, if the 130.53 level gives up, doors will open to test the 128.94 area.

RSI indicator remains steady around the oversold territory.



GBP/USD: bullish 'Doji'

It's likely to have a local upward correction towards the nearest resistance at 1.3030 and the Moving Averages...


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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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