It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
USD/JPY: the Dollar tested 110.00
Technical levels: support – 109.50, 109.00; resistance – 110.00.
- Sell — 109.80; SL — 110.00; TP1 — 109.00 0; TP2 — 108.20.
Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the market tested the daily resistance on 110.00, but still highly overbought.
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.
The New Zealand dollar seems to be tipping out against the USD. Will that be another full cascade downwards?
What moves the German index?
The Canadian dollar broke out through the 1.40 psychological mark. What’s the reason?
How to trade gold in 2020?