USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages.
USD/JPY: the Dollar supported by SSA
Technical levels: support – 111.00/20; resistance – 112.00, 112.60.
- Buy — 111.40; SL — 111.20; TP1 — 112.60; TP2 — 113.00.
Reason: bearish Ichimoku Cloud with rising Senkou Span B; an irregular dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the market keep staying inside a Cloud above SSA’s support.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
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 under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…