
USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December.
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AUD/USD has been declining since July 19. The most recent development was that it closed below the 50-day MA at 0.6958 and the line connecting June and July lows. This leads us to believe that the Aussie is capable of further downside. The price action may be in line with the harmonic “Shark” pattern - this still leaves the room for the decline to the 0.6910/0.6895 area before the bullish reversal takes place.
USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December.
USD/CAD reversed down from 1.2865 last week and formed a candlestick with a long upper wick on the W1.
The 200-period MA just above 1.3650 supported GBP/USD. The pair formed a higher low on the H1.
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
Ichimoku Kinko Hyo EUR/JPY: The pair is trading below the cloud…
Ichimoku Kinko Hyo AUD/JPY: The pair is trading below the cloud…
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