USD/JPY: 'Window' acting as support

USD/JPY: 'Window' acting as support

Information is not investment advice

The 'Window' is acting as support. Also, there's a bullish 'Hammer' pattern, which hasn't been confirmed enough. In this case, it's likely that the market is going to test the nearest support at 108.88. The subsequent pullback from this level could be a starting point for an upward price movement towards the closest resistance 111.47.





XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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