USD/TRY has moved sharply down this week falling to the support line since the end of November.
USD/JPY: Dollar corrected to Kijun-sen
Technical levels: support – 109.90; resistance – 110.40.
- Sell — 109.80; SL — 110.00; TP1 — 108.70; TP2 — 108.30.
Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are corrected to local resistance and may continue the downtrend.
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…