Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
USD/JPY: dollar/yen inside a Cloud
Technical levels: support – 112.00; resistance – 113.00.
- Sell — 113.00; SL — 113.20; TP1 — 112.50; TP2 — 112.10.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices returned to cloudy area and the Bulls may test an upper border of the Cloud.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
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