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/USD: a negative scenario
Information is not investment advice
EUR/USD met resistance at 1.1280 last week: the euro made 3 unsuccessful attempts to break higher. Then the currency pair traveled lower, below 1.12. The fact that it broke below the 1.1280/1.1200 range on H4 indicates that it will likely follow through and go another 80 pips down targeting the area of 1.1120/00. The decline below 1.1180 (June low) should trigger a further selloff. This idea is in line with the weaker euro ahead of the European Central Bank’s meeting later this week.
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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