We've got a bearish "Engulfing", but a confirmation of this pattern is quite weak.
Daily Market Analysis
The current bearish correction is continuing, so the price reached a "Window" and the 55 Moving Average.
Bulls found resistance at 1.2995, which pushed the price a little bit lower. Also, we've got a "Rising Wedge".
The price is still declining, but bears faced support on the 55 Moving Average.
GBP/CHF broke pivotal resistance level 1…
USD/JPY broke daily down channel Next buy target - 115…
There's a pullback from 6/8 MM Level, so wave 2 may have been ended like a double zigzag.
The market is likely going to continue moving up in the direction of the next resistance level.
Bears have reached the "Window", so if any bullish pattern arrives, there'll be an opportunity to have a correction.
We've got a "Double Top" pattern, which has been confirmed by the last "Flag". The 55 Moving Average acted as support.
We've got a "Triple Top", so there's a correction, which is taking place on the four-hours chart.
We've got a zigzag in wave [y], so wave (c) is likely going to be continued.