It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
GBP/USD: pound made a stop
TP1 1.434 TP2 1.4435 TP3 1.4525
On the daily chart, GBP/USD bulls came close to 113% target of the “Shark”. The counterattack of bears didn’t discourage the pound, because so far as it’s trading above $1.41 (the lower border of the uptrend channel), the situation is controlled by the buyers.
On H1, GBP/USD is moving within uptrend channel towards the 200% target of AB=CD. Pullbacks with the further rebounds from support may be used for buying.
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?
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The Canadian dollar broke out through the 1.40 psychological mark. What’s the reason?
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