The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
USD/JPY: lower 'Window' has acted as support
There's a bullish 'Hammer', which has been formed on the 34 Moving Average. Therefore, the market is likely going to test the upper 'Window', which could be a starting point for a bearish correction.
The lower 'Window' has acted as support. Meanwhile, we've got a bearish 'High Wave', which has been confirmed. In this case, the 89 Moving Average is likely going to act as support in the short term.
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.