EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
USD/MXN came in motion
Information is not investment advice
USD/MXN fell for three days in a row, dived below 50-day MA (19.15) and closed yesterday below the support line going through 2018 lows (19.04). The Mexican peso is supported by the rising oil prices, while the USD weakened ahead of the Fed’s meeting. If the pair slides below 19.00, the next level to watch on the downside will be 18.90 (100-week MA) ahead of 18.75. To recover to 19.15, USD/MZN needs to return above 19.07.
GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.
It’s simply the question of time before gold price gets to the higher levels…