There's a bullish "Engulfing" pattern, which has been confirmed, so the price reached the nearest resistance level.
Daily Market Analysis
Bullish Ichimoku Cloud with extremely rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are on the new 2Y-highs, but under the strong daily resistance.
Bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; the prices made a new local highs and corrected to Kijun-sen.
If the pair comes back under the upper side of the diagonal, there'll be an opportunity to have wave i of (i).
Analysts at Citi recommend buying GBP/JPY at 147…
There's a consolidation, which is taking place near resistance at 1.3116. In this case, bulls are likely going to deliver a new local high.
Bulls faced resistance at 1.1529, so the market is likely going to test the nearest support at 1.1494 in the short term.
Recommendation: SELL 0…
Recommendation: BUY 1…
USD/JPY has been under pressure and still looks to complete the bearish correction that’s being held since last week…
EUR/AUD reversed from support area Next buy target - 1…
NZD/USD reversed from resistance zone Next sell target - 0…