It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
USD/JPY: the Dollar supported by Cloud
Technical levels: support – 111.00; resistance – 111.60.
- Buy — 111.10/20; SL — 110.90; TP1 — 111.60; TP2 — 112.00.
Reason: narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices are fixed up above the Cloud and the Bulls may continue buying the Dollar.
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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