AUD/JPY Potential Bull Flag ahead of RBA

The Reserve Bank of Australia (RBA) will meet tomorrow to decide on interest rates. The consensus is for the bank to keep rates on hold at 4.75%, however there it is becoming increasingly evident that rates are likely to increase in the coming months. The bank’s inflation target is to

GBP/USD - Potential Ascending Triangle

Sterling is starting the month of May slightly weaker to the U.S. dollar. After making an attempt at a new 17-month high, price movement is approaching critical trendline support. The 60-minute chart above displays a potential ascending triangle (shown in blue). If we see a close above the 1.6742 level,

Growth Of Bearish Potential As A Factor For EUR/USD Correction

The assumed retracement to the key resistance levels has been confirmed with conditions for realization of the planned short positions. OsMA trend indicator, having marked a drop of parties’ activity, doesn’t contradict with preservation of earlier opened short positions targeting 0,8690/0,8700, 0,8660/70 and/or further breakout variant up to 0,8620/30, 0,8580/90.

Growth Of Bearish Potential As A Factor For EUR/USD Correction

The assumed retracement to the key resistance levels has been confirmed with conditions for realization of the planned short positions. OsMA trend indicator, having marked a drop of parties’ activity, doesn’t contradict with preservation of earlier opened short positions targeting 0,8690/0,8700, 0,8660/70 and/or further breakout variant up to 0,8620/30, 0,8580/90.