The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
USD/JPY: the Dollar is under bears pressure
Technical levels: support – 110.70, 110.50; resistance – 111.20, 111.60.
- Buy — 110.60; SL — 110.40; TP1 — 111.20; TP2 — 111.60.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the market is in negative mood, but there is a strong daily supports near 110.50.
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…