GBP/USD: levels to trade
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.
USD/JPY: bulls want to be free
Recommendation:
BUY 111.75
SL 111.2
TP1 112.75 TP2 113.75 TP3 115
On the daily chart of USD/JPY, bulls managed to conquer diagonal resistance in the form of the upper border of the downtrend channel and lead the pair in the empty area. As a result, the odds of it getting to 200% target of AB=CD increased.
On H1 of USD/JPY, a break of 111.4 accelerated the pair’s advance. Bulls are dominating, so pullbacks to dynamic support (EMA21) may be used for buying.
Ivan Karamazov
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GBP/USD: levels to trade
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 needs to decide
AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. What's next?
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