USDJPY has resumed its negative trading after testing 106.70 in the previous sessions, and starts to press 106.06, waiting for the breach to confirm opening the way towards 105.05 which is the next major target.
Therefore, the bearish scenario will remain valid during the upcoming sessions unless 106.70 is breached …
EURUSD
The pair is consolidating above 1.0980 amid the disagreements in the ECB over the monetary policy.
The price is below the middle Bollinger, below SMA 5 and SMA 14. RSI is located in the oversold zone and moves horizontally. Stoch are not informative.
Trading recommendations:
Sell the pair with …
The Australian dollar fell during the Asian session, making its second monthly loss in a row and its longest weekly loss in five years amid the fourth consecutive daily loss against the US dollar following the developments and economic data followed by the Australian economy and on the eve of …
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