USD/TRY has moved sharply down this week falling to the support line since the end of November.
USD/JPY: trading in Tenkan-Kinjun
Technical levels: support – 110.80, 110.50; resistance – 111.50.
1. Sell — 111.10; SL — 111.30; TP1 — 110.50; TP2 — 110.10.
Reason: bullish Ichimoku Cloud with falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market entered in channel of Tenkan-sen and Kijun.
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...