Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
GBP/JPY: 'Thorn' pushing price lower
Information is not investment advice
There's a bearish 'Thorn' pattern, which has been formed under the Moving Averages. Thus, the pair is likely going to achieve the nearest support at 139.42 - 138.13. If a pullback from this area forms little later on, bulls will probably try to reach the closest resistance at 141.00 - 141.72.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
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.