Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
USD/JPY: bullish 'High Wave' pattern
Information is not investment advice
The Moving Averages are acting as support, so we've got a bullish 'High Wave' pattern, which has been confirmed. In this case, it's likely that the market is going to test the upper 'Window' (112.54) in the coming days. The subsequent pullback from this level could lead to a bearish correction towards the lower 'Window' (109.38).
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.