CHF/JPY reached long-term resistance
CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85.
AUD/JPY is at resistance
Information is not investment advice
AUD/JPY has reached the resistance line which is going down from September highs. The 100-period MA on the H4 chart is about to get below the 200-period one. Both lines limit the price action on the upside, around 72.70. The pattern on the H1 looks like “Spike and Ledge”: the break of the ledge’s lower border at 72.40 will bring the price down to 72.28 and 71.95. The switch to buying will be possible at 72/85, above the resistance line and the recent high. In this case, the target will be at 73.30 (previous resistance area).
Elizabeth Belugina
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CHF/JPY reached long-term resistance
CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85.
EUR/NZD: short-term idea
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?
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