On the daily chart of USD/JPY, there is the rally to 200% target of the AB=CD pattern.
EUR/GBP doesn’t want to give up
BUY 0.8855 SL 0.88 TP1 0.8955 TP2 0.9055
BUY 0.902 SL 0.8965 TP1 0.91 TP2 0.92
On the daily chart, the “Shark” pattern is transforming into 5-0. Pullbacks towards 38.2%, 50% and 61.8% of the wave CD are usually used for buying.
On H1, a break below support at 0.8905-0.8915 will trigger the senior “Shark” pattern with targets at 61.8%, 78.6%, and 88.6%. Risks of the uptrend’s resumption will strengthen in case of a successful test of resistance at 0.9020 (88.6% of the wave CD of the junior “Shark” pattern).
On the daily chart of EUR/JPY, the pair keeps going up to 127.2% and 88.6% targets of “Perfect butterfly” and “Shark” patterns.
Expanding bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen.
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…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…