CAD/CHF broke support area Next sell target 0…
USD/JPY rising inside minor corrective wave
- USD/JPY rising inside minor corrective wave
- Next buy target - 0.9600
USD/JPY has been rising sharply in the last few trading sessions inside the minor corrective wave – which started earlier with the daily Morning Star from the combined support zone lying between the powerful support level 108.30 and the lower daily Bollinger Band. USD/JPY is expected to rise further toward next buy target at the next resistance level 0.9600 (top of the previous minor correction (ii)) – which coincides with the 50% Fibonacci correction of the previous sharp downward impulse from the start of July.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…