NZD/JPY has performed well this month forming higher lows and highs. It was supported by the 50-day MA in July and took off from that level.
USD/JPY: the Dollar looks strong
Technical levels: support – 111.50/60; resistance – 112.00, 112.60.
- Buy — 111.80; SL — 111.50; TP1 — 112.60; TP2 — 113.00.
Reason: bearish Ichimoku Cloud but falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance of SSB and Tenkan-sen but the Bulls may continue uptrend.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...