Morning brief for April 6
Traders were toiling like galleys slave overnight as there were plenty of economic releases that led to some intraday moves…
Tag - jpy - japanese yen
CAD/JPY reached sell target 82.20
CAD/JPY reached sell target 82…
USD/JPY: bullish "Tower"
There’re a bullish “Engulfing” and a “Tower”, so bulls are likely going to test the nearest “Window” during the day.
CHF/JPY broke strong support zone
CHF/JPY broke strong support zone Next sell target - 109…
AUD/JPY falling inside waves (iii) and C
AUD/JPY falling inside waves (iii) and C Next sell target - 82…
USD/JPY: bullish correction coming soon
If any bullish pattern arrives on the closest support line, the pair is likely going to test the nearest resistance.
CAD/JPY reversed from resistance zone
CAD/JPY reversed from resistance zone Next sell target - 82…
USD/JPY: forecast for April 3-7
Technically, USD/JPY should remain under pressure of the daily Ichimoku Cloud and the dead cross of the 50- and 100-day Moving Averages…
USD/JPY: Moving Average acted as resistance
The last bearish “Doji” pushed the market lower. Also, the 55 Moving Average acted as a resistance.
EUR/JPY: bears are moving south
On the daily chart, EUR/JPY is trading within descending channel…
USD/JPY: outlook for April 3-7
USD/JPY tested 110…
USD/JPY: bearish "Doji"
The 55 Moving Average acted as a resistance, so we’ve got a “Doji” on this line. Considering a confirmation of this pattern, the market is likely going to test the nearest support.
