Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
USD/JPY: bearish 'High Wave' pattern
Information is not investment advice
There's a bearish 'High Wave' pattern, which has been confirmed enough. Thus, the pair is going to test the nearest support at 110.54. This level could be a starting point for another bullish rally towards the upper 'Window' (112.54), which could act as resistance. If so, all eyes will be on the lower 'Window' (109.38), which acted as support before.
CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85.
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?
GBP/CAD made a huge leap to the upside yesterday and got above 1.65 and arrived at the resistance line from May.