USD/CAD is forming a “Three touches” pattern. A pullback from the upper border of the downtrend channel allowed bears to return the initiative.
USD/JPY: Dollar tested Cloud’s resistance
Technical levels: support – 110.40, 110.75; resistance – 111.40.
1. Sell — 111.20; SL — 111.40; TP1 — 110.75; TP2 — 110.40.
Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen; the prices are under resistance of Senkou Span A.
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…