Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen.
EUR/JPY: bulls enter the crossroads
Рекомендация: BUY 129.75 SL 129.2 TP1 130.95 TP2 131.8
On the daily chart, EUR/JPY bulls prepare an attack on the horizontal resistance aiming to return the pair inside the previous medium-term rising channel. If they succeed, risks of the bullish trend resumption will significantly rise.
On H1, the unsuccessful attempt of bears to make a “Head and Shoulders” pattern points at sellers’ weakness. A break of diagonal resistance will allow the bulls aim for 88.6% and 113% targets of the “Shark” pattern.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
On the daily chart of USD/CAD, bulls almost returned the pair to the 1.3275-1.3315 convergence (targets of "Shark" and "Wolfe waves" patterns).
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...