It seems that BTC/USD formed a “double top” after it had met resistance at the 61.8% of the 2017-2018 decline in the 13,500 area.
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.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...