Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
USD/JPY: price to reach upper 'Window'
Information is not investment advice
There's a 'Three Methods' pattern, which has been formed on the Moving Averages. The main target is the next resistance at 111.62. If a pullback from this level happens little later on, bears will probably try to test the lower 'Window' (109.414). The subsequent pullback from this level could lead to an upward price movement in the direction of the upper 'Window' (112.65).
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.
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?