AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.
USD/JPY: the Dollar made new highs of year
Technical levels: support – 113.30; resistance – 114.50.
- Buy — 113.40; SL — 113.20; TP1 — 114.00; TP2 — 114.50.
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 prices are reached the new highs of 2018 and may return to Kijun’s support.
In times of political and economic uncertainties, analysts recommend investing in safe-haven assets. However, since recently, the USD with the weak American economic data and the easing monetary policy has been losing its status. What about the JPY and XAU? The situation is unclear.