There's a 'Double Bottom', which has been confirmed, so the price is likely going to test the nearest resistance...
USD/JPY: the Dollar supported by Kijun-sen
Technical levels: support – 106.80; resistance – 107.50, 107.80.
- Buy — 107.10/20; SL — 107.00; TP1 — 107.80.
- Sell — 107.80; SL — 108.00; TP1 — 107.10; TP2 — 106.80.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but narrowing channel Tenkan-Kijun; the market is supported by Kijun-sen and may going to new highs.
Last week, USD/CAD held above the strong daily support level.
On the daily chart, we expect the price of gold to fluctuate sideways within the Symmetrical Triangle with resistance and support marked by the blue line.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...