After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
USD/JPY: the Dollar supported by Senkou Span A
Technical levels: support – 107.20; resistance – 107.80.
- Buy — 107.20/30; SL — 107.00; TP1 — 107.80; TP2 — 108.20.
Reason: narrowing, but bullish Ichimoku Cloud with falling Senkou Span A; a correctional dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the market had corrected to Cloud and supported by Senkou Span A.
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!