AUD/USD 4-hour: Above the Ichimoku’s cloud.
Invest Diva positioning: Long positions above 0.7790 with targets at 0.7877 and 0.7948 in extension.
Technical reasons why: While the pair is on moderate uptrend but it is back to the 23% Fibonacci level and moving along the upper boundary of the Ichimoku’s cloud. The RSI is around the neutrality area.
Alternative Scenario: Below 0.7790 look for further downside with 0.7648 and 0.7457.
Where I’m setting my stops and limits:
Support Levels Turning Point Resistance Levels
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7648 | 0.7790 | 0.7048 |
| 0.7457 | 0.7877 |
USD/JPY 4-hour: Breaking above the previous top.
Invest Diva positioning: Long positions above 119.59 with targets at 119.91 and 120.44 in extension.
Technical reasons why: The pair is break above the pivot level at 119.59 above the Ichimoku’s cloud. The RSI is above the neutrality area.
Alternative Scenario: Below 119.59 look for further downside with 119.33 and 118.74.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 119.33 | 119.59 | 120.44 |
| 118.74 | 119.91 |
