USD/JPY: a SELL opportunity
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.
EUR/CHF is recovering
Information is not investment advice
At the end of March, EUR/CHF tested the lowest levels since the middle of 2017. The fact that the pair went below the support of the 2018 consolidation range (1.1180) and then returned back up was a bear trap. EUR/CHF managed to gather its strength and push higher. On H4 we can see that it returned above the 50-period MA (1.1200) which already acted as support. It looks like the pair has formed an interim bottom and will rise at least to 1.1240/55. The further target is at 1.1310.
Elizabeth Belugina
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USD/CAD reversed down from 1.2865 last week and formed a candlestick with a long upper wick on the W1.
GBP/USD may go for resistance
The 200-period MA just above 1.3650 supported GBP/USD. The pair formed a higher low on the H1.
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