On the daily chart of EUR/JPY, bulls and bears are fighting for the upper boundary of the downward channel.
EUR/GBP: bulls are resuming the trend
TP1 0.9075 TP2 0.9200
On the daily chart, EUR/GBP is forming the “Dragon” pattern. The first condition of its realization is the return of the pair inside the previous short-term uptrend channel. A successful test of resistance at 0.8980 will be the signal.
On H1, EUR/GBP formed a widening wedge pattern. Return of the pair to support at 0.8800 with the following successful test is a signal for selling. On the other hand, successful test of resistance at 0.8990 will open way to the north for bulls.
On the daily chart of EUR/USD, chances that the pair will reach targets of the “Head and Shoulders” pattern and the “Shark” pattern (88.6% target) are declining.
On the daily chart of EUR/GBP, the long-term consolidation within 0.87-0.902 is continuing.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...