USD/JPY: Dollar going to new lows

USD/JPY: Dollar going to new lows

Technical levels: support – 110.15; resistance – 110.90.

Trade recommendations:

  1. Sell — 110.90; SL — 111.10; TP1 — 110.20; TP2 — 119.60.

Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; Tenkan-sen and Kijun-sen will make a new dead cross; the prices are bounced from Senkou Span A and made the new lows for last two weeks.




AUD/USD may fall

If this week the Aussie closes in the negative area, it will continue towards the lower levels in line with the long-term downtrend.

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...


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