On the daily chart of EUR/JPY, bulls and bears are fighting for the upper boundary of the downward channel.
AUD/USD: bulls are counterattacking
TP1 0.7530 TP2 0.7645 TP3 0.776
On the daily chart of AUD/USD, bears tried to break the important support at 0.7362 (78.6% from the upward long-term wave) three times. The failure of bears signals their weakness and lets bulls hope to implement “Wolfe waves” and “Shark” patterns.
On H1, the “Broadening wedge” pattern is continuing to form. Pullbacks to 50% and 61.8% from the 4-5 wave could be used to buy. The break of the resistance at 0.7475 will pull the pair up.
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...