USD/JPY: dollar rose to Cloud

USD/JPY: dollar rose to Cloud

Technical levels: support – 109.80; resistance – 110.70.

Trade recommendations:

  1. Sell — 110.70; SL — 110.90; TP1 — 109.80; TP2 — 109.10.

Reason: bearish Ichimoku Cloud with falling Senkou Span B; a cancelled dead cross of Tenkan-sen and Kijun-sen, rising lines; the Cloud will resist the bull’s attack.




XAU/USD: gold was captured by bulls

Recommendation: BUY $1327 SL $1312 TP $1357 TP2 $1395 On the daily chart, XAU/USD is under control of bulls, at least until the pair’s trading above $1306 an ounce…


Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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