The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
USD/JPY: bulls approaching the upper 'Window'
The price is approaching the upper 'Window'. If any reversal pattern forms in the coming hours, there'll be a moment to have a decline towards the Moving Averages.
There's a 'Shooting Star', so we could have a local bearish correction. However, if we have a pullback from the Moving Averages, bulls are likely going to deliver a new local high.
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.
AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. What's next?