Bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under strong resistance of 0.7680.
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.
Expanding bullish Ichimoku Cloud, rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, with rising Tenkan-sen; the prices are above the Cloud and on the support of Senkou Span A.
Recommendation: BUY 0…
GBP/AUD reversed from combined support zone Next buy target - 1…
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are entered into the Cloud.
There's a bearish "Harami", but confirmation of this pattern isn't enough. So, bulls are likely going to test the 34 MA...