The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
EUR/JPY: bears are ready for a new attack
SELL 128 SL 128.55 TP1 126.90 TP2 125.80
On the daily chart, bears attempted for the second time to test important support at 128. It failed, but sellers don’t give up and hope to develop correction and reach 88.6% target of “Shark” pattern.
On H1, EUR/JPY formed “Head and Shoulders” pattern. A break of the neckline near 128.00 support with simultaneous activation of the AB=CD pattern will create an opportunity for a pullback to the uptrend towards 125.60-125.80.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…