USD/TRY has moved sharply down this week falling to the support line since the end of November.
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.
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...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...