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 looks strong
Technical levels: support – 111.50/60; resistance – 112.00, 112.60.
Trade recommendations:
- 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.
Tatyana Norkina
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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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