XAU/USD reached resistance of the uptrend channel in the area of 1347.
USD/JPY: on the way to Senkou Span B
Technical levels: support – 106.25; resistance – 107.00.
- Buy — 106.60; SL — 106.40; TP1 — 107.40; TP2 — 107.80.
Reason: narrowing bearish Ichimoku Cloud with falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market is supported by Kijun-sen and the prices rising to Senkou Span B.
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...