
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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On the H1, you can see that EUR/USD formed an inverted “Head and Shoulders” pattern. As long as the price is above the neckline and the 50-week MA in the 1.1178 area, it will retain the chance to get up to the 1.1215/40 area. The slide below 1.1170 can lead to a correction to the lower levels in the 1.1145 and 1/1125 areas. Still, the uptrend since the end of November is still in place, so buying is potentially a less risky and more profitable option.
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.
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