Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
USD/JPY: pair to test closest resistance
Information is not investment advice
The market has formed an 'Engulfing' pattern, which hasn't been confirmed yet. It's likely that the pair is going to test the closest resistance at 112.00 soon. The subsequent pullback from this level could be a departure point for a decline in the direction of 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.