It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
GBP/CAD: how to bet against the pound
SELL 1.7620; TP1 1.7535; TP2 1.7445; SL 1.7640
GBP/CAD has been trying to break above the 200-week MA at 1.7735 for 4 weeks. However, for now, the resistance stands, not letting the pair get higher. The pound obviously needs some really cheering news about Brexit to jerk up. We can see that there are a lot of sellers between 1.7750 and 1.78. A break above the latter level is needed to confirm a break and open the way to 1.80 and higher. In the meantime, the pair that lacks the bullish momentum may revisit support levels. A break below the 100-period MA on H4 at 1.7625 will target 1.7535 or even 1.7445 (200-period MA on H4).
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.
The New Zealand dollar seems to be tipping out against the USD. Will that be another full cascade downwards?
What moves the German index?
The Canadian dollar broke out through the 1.40 psychological mark. What’s the reason?
How to trade gold in 2020?