It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
GBP/CHF is trying to rebound
BUY 1.2735; TP 1.2820; SL 1.2715
On W1, GBP/CHF is trading in a descending wedge. The pair recoiled from the pattern’s lower border and turned up.
On D1, we can see that the pound rose above the range, in which it stayed during the most of December. Yesterday’s candlestick showed that there’s demand for the pair around 1.2500. It retraced 50% of the November-January decline, so the advance above the 100-day MA at 1.2725 will open the way up to the next Fibo level a 1.2835.
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?