Volatility has greatly diminished in USD/JPY. The pair is consolidating in a narrow range on H4, and a breakout is coming.
EUR/USD: the Bulls returned euro to positive zone
Technical levels: support – 1.2350; resistance – 1.2400, 1.2440.
- Buy — 1.2360; SL — 1.2340; TP1 — 1.2440; TP2 — 1.2470
Reason: narrowing bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market entered into the positive area breaking out the horizontal SSB’s resistance.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…