USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
EUR/JPY: short-term upside
BUY 126.25; TP1 127.00; TP2 127.30; SL 126.05
EUR/JPY has reached the support line connecting 2018 lows and the lower weekly Bollinger band in the 125.50 area. It’s the natural place for the pair to find some support. The pair formed a bullish engulfing pattern on D1. The short-term recovery may take the euro to 127.00/35. Then the selling pressure will likely return.
Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
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