Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/JPY rising inside minor corrective wave (ii)
- GBP/JPY rising inside minor corrective wave (ii)
- Next buy target - 150.00
GBP/JPY continues to rise inside the minor corrective wave (ii) which started earlier from the support area lying between the major support level 144.00 (which stopped the sharp downtrend in May) and the lower daily Bollinger Band. The price is currently approaching the resistance level 148.00 (top of wave 2) – the breakout of which is likely to lead to further gains toward 150.00 (top of wave (iv)).
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.