USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
USD/JPY: the Bears have won
Technical levels: support – 109.50; resistance – 110.00.
- Buy — 109.50; SL — 109.30; TP1 — 110.00; TP2 — 110.40.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the market inside a Cloud, but supported by Senkou Span A – waiting for correction to Kijun-sen.
Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
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