NZD/USD made a confident rebound during the recent two weeks.
USD/JPY: Dollar supported by Kijun-sen
Technical levels: support – 112.30; resistance – 113.20, 113.60.
- Buy — 112.50; SL — 112.30; TP1 — 113.20; TP2 — 113.60.
Reason: bullish Ichimoku Cloud and rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices supported by Tenkan-sen and Kijun-sen and may go higher.
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...