USD/JPY: 'High Wave' led to consolidation
It's likely that after a short break the pair is going to achieve the next support level at 111.90...
CHF/JPY: supply area found
CHF/JPY is doing a retracement following a sharp drop held from July 25th highs and looks forward to resume the bearish bias. Currently, the pair is consolidating gains between the Fibonacci zone of 50% and 65%, at which we can expect a supply area that helps to push lower to the pair. If the CHF/JPY pair breaks below August 21st lows, then another leg towards the -23.6% Fibonacci zone at 111.26 is likely to happen.
RSI indicator remains in the positive territory, favoring temporarily to the bulls.
Felipe Erazo
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EUR/USD: euro hung on Tenkan-Kijun
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141.30
GBP/JPY broke support level 141…
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