NZD/JPY has performed well this month forming higher lows and highs. It was supported by the 50-day MA in July and took off from that level.
EUR/USD: euro going lower
Technical levels: support – 1.1900; resistance – 1.1950, 1.2020.
- Sell — 1.1950; SL — 1.1970; TP1 — 1.1900; TP2 — 1.1870;
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but the narrow channel Tenkan-Kijun; the market is going lower, but there is a many local supports.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...