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 Kijun-sen
Technical levels: support – 113.50; resistance – 114.00/10.
- Buy — 113.90; SL — 113.70; TP1 — 114.50; TP2 — 115.00.
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; the market supported by major line of Indicator and returned to local highs of previous week.
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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