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.
USD/JPY: the Dollar fell to Kijun-sen
Technical levels: support – 112.80; resistance – 114.00.
- Sell — 113.50; SL — 113.70; TP1 — 112.80.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with narrowing channel Tenkan-Kijun; the market corrected to Kijun-sen, but the line can’t stop the Bears.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
The USD made some decisive moves against some currencies - in some cases, it makes sense to prepare new market entries.
There are many things happening in the UK. What is the strategic outlook for the GBP?