On the daily chart of EUR/JPY, bulls and bears are fighting for the upper boundary of the downward channel.
AUD/USD: bears made a stop
SELL 0.781 SL 0.7865 TP 0.7725 TP2 0.761
BUY 0.786 SL 0.7805 TP1 0.7915 TP2 0.7935
On the daily chart, AUD/USD reached 88.6% target of the “Bat” pattern. This increases the odds of the pair’s growth. On the other hand, if the Aussie returns to September low the “Bat” will start transforming into “Crab” with the target at 161.8%.
On H1, AUD/USD is consolidating within the short-term downtrend. A break of its lower border will allow bears to continue the decline. On the other hand, successful test of resistance at 0.7860 will be a signal for bulls to counterattack.
On the daily chart of EUR/USD, chances that the pair will reach targets of the “Head and Shoulders” pattern and the “Shark” pattern (88.6% target) are declining.
On the daily chart of EUR/GBP, the long-term consolidation within 0.87-0.902 is continuing.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...