The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
USD/JPY: Dollar breaking out SSA’s resistance
Technical levels: support – 112.10; resistance – 112.80, 113.20.
- Buy — 112.40; SL — 112.20; TP1 — 112.80; TP2 — 113.20.
- Sell — 112.10; SL — 112.30; TP1 — 111.40; TP2 — 110.90.
Reason: narrowing bearish Ichimoku Cloud and rising Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices fixed above the daily Cloud, but there is a strong resistance on 112.30.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…