Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
GBP/JPY: pair to test the nearest support
Information is not investment advice
There's a 'Head & Shoulders' pattern, which has been confirmed. Thus, the pair is likely going to test the nearest support at 145.98. The subsequent pullback from this level and from one of the Moving Averages lines could lead to another bullish rally. In this case, we should watch the next resistance at 148.78 as an intraday target.
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?