EUR/USD: consolidation between 34 & 55 MA

EUR/USD: consolidation between 34 & 55 MA


The 34 Moving Average has acted as support, so the price is consolidating. Also, there's a "V-Top" pattern, which has been confirmed. Therefore, the market is likely going to test the nearest support at 1.1307 - 1.1287 in the coming hours. If a pullback from this area happens, there'll be an opportunity to have an upward price movement towards the closest resistance at 1.1356 - 1.1398.


The price is consolidating between 34 & 55 Moving Averages. It seems like bulls are ready to achieve the next resistance at 1.1354 - 1.1365. However, if we see a pullback from these levels, bears will have a green light to deliver a decline in the direction of support at 1.1287.




USD/JPY: dollar is corrected to Kijun-sen

Expanding  bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are returned to the support of Tenkan and Kijun and may go higher.

USD/JPY: dollar can’t breakout SSA’s resistance

Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls can’t breaking out the resistance of upper border of the Cloud and the market may return to 113.00.


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