XAU/USD has reached resistance
XAU/USD reached resistance of the uptrend channel in the area of 1347.
USD/JPY: back again to Cloud
Technical levels: support – 113.70; resistance – 114.40.
Trade recommendations:
- Buy — 114.00; SL — 113.80; TP1 — 114.40; TP2 — 114.80.
- Sell — 113.60; SL — 113.80; TP1 — 113.00; TP2 — 112.40.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the bulls can’t breaking out a resistance of Tenkan-sen and Kijun-sen and the prices returned to Cloud.
Tatyana Norkina
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