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 has failed on the upside
Information is not investment advice
Last week EUR/USD met resistance of the descending 50-week MA (currently at 1.1188). On the D1, we can see that the pair has failed to close above the 200-day MA for every single day since it touched this line on December 12. On Wednesday, the pair closed below the December support line. An attempt to regain higher levels on Thursday was not successful. With the daily Awesome Oscillator trying to make a top, we see the considerable risk of the price sliding down to 1.1080 (50-day MA). The next support is at 1.1065 (100-day MA). Resistance is at 1.1150 and 1.1188.
Ichimoku Kinko Hyo AUD/JPY: The pair is trading below the cloud…
March's NFP is coming. Does it bring strength for the USD?
Ichimoku Kinko Hyo CHF/JPY: The pair is trading above the cloud…