The pair is likely going to test the closest support at 1.2164 in the coming hours. If a pullback from this level happens little later on...
Daily Market Analysis
GBP/JPY reversed from support zone Next buy target - 158…
NZD/CHF reversed from support area Next buy target - 0…
EUR/CHF is making a rebound above the 78…
The 21 Moving Average acted as resistance, so the pair is likely going to test the lower "Window" soon...
The market is likely going to test the 34 Moving Average. If a pullback from this line happens...
It's likely that the price is going to continue moving up, so we should keep an eye on the next resistance at 1.2296 - 1.2322...
It's likely that bulls are going to achieve the next resistance at 1.3913 - 1.3944. However, if a pullback from this area happens...
We're going to have wave (iii) of [v] pretty soon. Also, if the price goes through +2/8 MM Level...
EUR/AUD remains trading around the Fibonacci zone of 61…
AUD/JPY reversed from resistance zone Next sell target - 87…
CAD/CHF falling inside minor impulse C-wave Next sell target - 0…