GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.
USD/JPY: the Dollar reached main daily resistance
Technical levels: support – 108.00, 109.00; resistance – 109.30/60.
- Sell — 109.50; SL — 109.70; TP1 — 109.00; TP2 — 108.20.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is overbought and under the main daily resistance.
EUR/NZD has been descending since the middle of October when it recoiled down from the resistance line connecting 2015 and 2018 highs.
EUR/CAD has formed a couple of higher lows since October. The pair has managed to overcome the 50- and the 100-day MAs at 1.4588 and 1.4640 respectively.
Platinum is likely to bounce back down after it reaches the local resistance level.