USD/JPY: the Dollar is under strong resistance

USD/JPY: the Dollar is under strong resistance

Technical levels: support – 106.80; resistance – 107.50.

Trade recommendations:

  1. Sell — 107.50; SL — 107.70; TP1 — 106.80; TP2 — 106.30.

Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market is overbought and under the strong daily resistance.

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jpy

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EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

USD/CAD may be capable of more

USD/CAD firstly formed a bullish “engulfing” candlestick on the W1 and then confirmed the upside by the following strong bullish candlestick.

Latest news

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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