Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
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.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?