It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
EUR/USD: euro corrected to Cloud
Technical levels: support – 1.1545; resistance – 1.1620, 1.1650.
- Sell — 1.1650; SL — 1.1670; TP1 — 1.1545; TP2 – 1.1510
Reason: bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with narrow channel Tenkan-Kijun; the market goes to correction and will test the Cloud’s resistance.
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
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