GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.
USD/JPY: the Dollar on Kijun’s support
Technical levels: support – 107.20; resistance – 107.80.
- Buy — 107.20; SL — 107.00; TP1 — 107.80; TP2 — 108.20.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are on the support of Kijun-sen.
AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. What's next?
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.