Daily Market Analysis

On the daily chart of EUR/JPY, if bulls can’t pull the pair out of the downward channel and break the resistance at 128.85, it will signal their weakness.

On the daily chart of USD/JPY, bulls couldn’t break the resistance at 113.25 that signals their weakness.

Narrowing bearish Ichimoku Cloud with rising Senkou Span A and falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen.

Bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines.

On the daily chart of GBP/USD, the 88.6% target of the “Bat” pattern was reached. This situation increases risks of the rebound.

On a daily chart of USD/CHF a break of the resistance at 0.9985 let bulls continue to move up towards the 113% and 127.2% targets of the “Shark” and AB=CD patterns.

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen.

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal.

On the daily chart of USD/CAD, bears couldn’t keep the pair within the downward channel, it signals their weakness.

Recommendation: BUY 1222 SL 1207 TP1 1…

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen.

Bearish Ichimoku Cloud with falling Senkou Span B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines.