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 on new lows
Technical levels: support – 1.1670, 1.1620; resistance – 1.1760.
- Sell — 1.1760; SL — 1.1780; TP1 — 1.1670; TP2 — 1.1620;
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market made a new lows and goes to correction to the Cloud.
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...