The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
USD/JPY: 'Three Methods' pattern
There's a 'Three Methods' pattern, so the price is likely going to test the next support at 110.58 in the short term. A pullback from this level could be a starting point for a local upward correction.
We've got a 'Hammer' pattern, which hasn't been confirmed yet. In this case, the market is likely going to test the 55 Moving Average shortly. If a pullback from this line arrives next, bears will probably try to reach the lower 'Window'.
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.