NZD/USD: is the correction over?
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 in positive mood
Technical levels: support – 109.40, 108.80; resistance – 110.00.
Trade recommendations:
- 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.
Tatyana Norkina
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It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
How to trade EUR/GBP?
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.
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