Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/JPY: the EUR weakens
EUR/JPY: the EUR weakens

On the daily chart of EUR/JPY, the implementation of the "Broadening Wedge" pattern continues.

USD/JPY: sell the USD
USD/JPY: sell the USD

On the daily chart of USD/JPY, bears try to implement the combination of the "Three Indians" and "Spike and Ledge" reversal patterns based on the 1-2-3 one.

GBP/USD: confirmed 'Double Top'
GBP/USD: confirmed 'Double Top'

The market is likely going to reach the nearest resistance at 1.2634 - 1.2658. The subsequent pullback from this area...

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