AUD/USD is looking down
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
How about USD/JPY?
Trade idea
BUY 109.20; TP 110.20; SL 108.95
USD/JPY made a sizeable move up last week. It retraced more than 50% of the December-January decline.
The new week started with a small gap down. The pair’s currently below last week’s high at 109.90. The bullish picture will likely prevail, although USD/JPY will probably be bought at lower levels. The buying area can be around 109.20 (50% Fibo). The next level to watch on the upside is 110.30 (61.8% Fibo, 50-week MA).
Elizabeth Belugina
Similar
EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
EUR/USD is under pressure
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.
Latest news
AUD/USD is looking down
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
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EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
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