The US dollar fluctuated in a narrow range tilted to the upside during the Asian session, to witness its rebound to the fifth session in seven sessions from the lowest since October 10 against the Japanese yen after the developments and economic data that it had reported on the Japanese …
The overall trend is downward. The resistance level of 225.50 holds back buyers. A bearish divergence was formed on the MACD indicator, and Stochastic Oscillator indicator showed an exit from the overbought zone.
Trading recommendations:
Sell below the support level of 222.40.
Stop loss for the resistance level of 225.50. …
The resistance level of 76.08 holds back buyers. An H2 level ascending truncated patternhas formed. The formation of a bearish divergence on Awesome Oscillator indicator also indicates the weakness of the pattern.
Trading recommendations:
Sell while the descending pattern is forming, where the wave (A) breaks through the inclined channel …
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