The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
USD/JPY: pullback from the lower 'Window'
There's a pullback from the lower 'Window', so we've got a 'Harami' pattern. In this case, we should keep an eye on the nearest resistance at 110.58, which could be a starting point for another decline.
The 55 Moving Average acted as support, so we've got a 'Doji' and a 'Shooting Star' on this line. It's likely that the market is going to test the closet support at 110.19. A pullback from this level could lead to an advance towards the 89 Moving Average.
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.