USD/CAD is forming a “Three touches” pattern. A pullback from the upper border of the downtrend channel allowed bears to return the initiative.
USD/JPY: the Dollar in positive mood
Technical levels: support – 109.40, 108.80; resistance – 110.00.
- Sell — 109.90; SL — 110.10; TP1 — 109.40; TP2 — 108.80.
Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market under SSB’s resistance and may return inside a Cloud.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…