AUD/NZD experienced an impressive rally since the end of March.
USD/JPY: the Dollar attacks 110.00 again
Technical levels: support – 109.50, 109.20; resistance – 110.00, 110.50.
- Buy — 109.80; SL — 109.50 TP1 — 110.50.
- Sell — 110.50; SL — 110.70 TP1 — 110.00; TP2 — 109.50.
Reason: bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the market supported by 4H’s Cloud, but the prices under the strong pressure of 110.00.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…