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 supported by Kijun-sen
Technical levels: support – 1.2370; resistance – 1.2460, 1.2530.
- Buy — 1.2420/30; SL — 1.2400; TP1 — 1.2460; TP2 — 1.2530
Reason: bullish Ichimoku Cloud, with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are returned into channel Tenkan-Kijun and supported by Kijun-sen.
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...