On the daily chart of USD/JPY, there is the rally to 200% target of the AB=CD pattern.
EUR/JPY: bulls are trying to resume the uptrend
TP1 132.65 TP2 133.25 TP3 136.65
On the daily chart of EUR/JPY, the “Shakeout-Fakeout” pattern is implementing. It is worth to sell at the 130 level. To resume the uptrend and reach the 88.6% target of the “Shark” pattern, the pair needs to break the April high.
On H1, bulls hope to implement the corrective “Three Indians” pattern. To succeed, bulls need to break the resistance at 131.85 and pull the pair out the downward channel.
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…