USD/JPY: dollar going to negative area

USD/JPY: dollar going to negative area

Technical levels: support – 190.30, 108.90; resistance – 109.60, 109.90.

Trade recommendations:

  1. Sell — 109. 50; SL — 109.70; TP1 — 108.90; TP2 — 108.50.

Reason: narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen and the falling lines; Dollar is going to new lows and may breakdown the support of the Cloud.

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jpy

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NZD/USD can get even higher

On the daily chart, bulls managed to lead NZD/USD outside of the downtrend channel. They are ready to trigger the “Shark” with 88.6% and 113% targets.

GBP/USD: pound is overbought

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun.

gbp

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

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