EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
AUD/NZD: time for a correction
Information is not investment advice
AUD/NZD met the resistance of the 50-week MA in the 1.0700 area. A bit higher there are more resistance levels (100- and 200-week MAs at 1.0750).
The advance of the pair during the recent month was very rapid, and now it became overbought. The pair returned below the 200-day MA and will likely survive a deeper correction. As long as NZD/USD remain below the weekly pivot at 1.0660, the short-term picture will remain bearish. The target levels lie around 1.0500.
Elizabeth Belugina
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EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
Will GBP/CHF use its chance?
GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.
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