The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
USD/JPY: pair to test the 34 Moving Average
There's a 'Shooting Star', so the pair is likely going to test the 34 Moving Average. A pullback from this line could be a starting point for another bullish rally in the direction of the upper 'Window'.
There're a 'High Wave' and a 'Harami' patterns, so we're likely going to have a bearish correction in the coming hours. The main target is the 89 Moving Average, which could act as support.
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.