The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
USD/JPY: price to reach the upper 'Window'
The price has broken the Moving Average lines because of the last 'Three Methods' pattern. It's likely that the market is going to reach the upper 'Window' (112.65) in the coming hours. If a pullback from this level happens little later on, bears will probably try to achieve the previously tested support at 110.32.
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.