The US dollar is currently in a correction, but is likely to continue the trend down.
GBP/JPY: all Moving Averages broken
Information is not investment advice
The last 'Double Top' pattern led to the current decline, so all the Moving Averages have been broken. It's likely that the market is going to continue falling down in the short term towards the previously tested support at 143.83 - 143.71. If a pullback from these levels happens next, there'll be an opportunity to have an upward correction in the direction of the closest resistance at 144.83 - 145.01.
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.
EUR/NZD has been descending since the middle of October when it recoiled down from the resistance line connecting 2015 and 2018 highs.
EUR/CAD has formed a couple of higher lows since October. The pair has managed to overcome the 50- and the 100-day MAs at 1.4588 and 1.4640 respectively.