It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
GBP/USD: pound still on daily Cloud’s support
Technical levels: support – 1.3900, 1.3830; resistance – 1.3930.
- Buy — 1.3930; SL — 1.3910; TP1 — 1.4035; TP2 — 1.4070.
- Sell — 1.3940; SL — 1.3960; TP1 — 1.3830; TP2 — 1.3800.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market keep staying on the Cloud’s support on daily timeframe.
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?