On the daily chart of AUD/USD, bulls still hope to implement the “Wolfe waves” pattern.
USD/JPY: Dollar may going lower
Technical levels: support – 110.70/80; resistance – 111.20.
- Sell — 111.00; SL — 111.20; TP1 — 110.45; TP2 — 109.80.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the prices are under Tenkan-sen and Kujin-sen and ready to go to new lows.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…