Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
USD/JPY: market to reach upper 'Window'
Information is not investment advice
The market is still consolidating between two 'Windows'. Also, there's a bullish 'Doji', which has been confirmed enough. Considering that the price fixated above the Moving Averages, it's likely that the pair is going to test the upper 'Window' (112.65) soon. If a pullback from this level happens next, there'll be a moment for another decline towards the lower 'Window' (109.69).
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?
First, "ETH merge" Google requests are on the rise. At the same time, "buy ETH" requests are at their two-year lows, which is quite a negative factor ahead of the vast update. The community either doesn’t believe in the success, or they are following the "buy the rumors – sell the news" rule and waiting for the massive dump after the merge.