USD/JPY: the Dollar looks strong

USD/JPY: the Dollar looks strong

Technical levels: support – 111.50/60; resistance – 112.00, 112.60.

Trade recommendations:

  1. 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.

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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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