The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
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.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…