USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages.
USD/JPY: dollar reached daily resistance
Technical levels: support – 110.60; resistance – 112.80.
- Sell — 112.30; SL — 112.50; TP1 — 111.60; TP2 — 111.10.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the market reached daily resistance on 112.80 and now in correctional movement.
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...