The JPY is the strongest and the NZD is the weakest. Jump in for the fresh analysis!
USD/JPY: bullish 'Three Methods' pattern
The market has been moving up since a 'Hammer' formed on the Moving Averages. Also, there's no any reversal pattern so far, which means the pair is going to test upper 'Window' soon.
There's a bullish 'Three Methods', so the price is rising. It's likely to have a local downward correction towards the Moving Averages during the day. A pullback from the nearest one could be a starting point for another bullish rally.
Asian equity markets were subdued, and US equity futures traded choppy after last Friday’s losses on Wall Street.
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Gold has started a remarkable downside correction and stands on the key 23.6% retracement area after a failure to hold the 38.2% retracement area.