On the daily chart, bears are trying to keep USD/JPY inside the long-term downtrend channel.
EUR/GBP: euro is going north
BUY 0.887 SL 0.8815 TP1 0.893 TP2 0.897 TP3 0.918
On the daily chart, EUR/GBP retested the upper border of the short-term consolidation range of 0.8695-0.8835. This allowed buyers to form long positions. To continue the rally towards 161.8% target of a “Crab”, bulls need to renew June high.
On H1, EUR/GBP is forming a “Spike and ledge” pattern. If bulls manage to overcome resistance at 0.8870, the odds of continuation towards at least 161.8% of the “Crab” pattern will increase.
On the daily chart, EUR/JPY reached 88.6% target of the “Bat”.
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
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…