GBP/USD: the Bears returned to game
Bullish Ichimoku Cloud, but falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with extremely falling lines.
EUR/JPY: bulls fulfilled their mission
Recommendation:
SELL 133.25
SL 133.8
TP 132.3
On H1, EUR/JPY reached 161.8% target of the junior and senior AB=CD patterns. This increases the risks of a pullback to the uptrend. Never the less, as long as the pair’s inside the uptrend channel, bulls remain in control of the situation.
On H1, EUR/JPY is forming a “widening wedge” pattern. Its end together with the break of support at 133.25 will open the way south towards 23.6% and 38.2% correction levels of the last bullish wave.
Ivan Karamazov
Similar
AUD/USD: AUD is strong again
On the daily chart of AUD/USD, after the pair reached the 88.6% target of the "Shark" pattern, a logical pullback happened.
EUR/USD: euro updated lows
Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
Latest news
GBP/USD: confirmed "Thorn" pattern
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: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
Deposit with your local payment systems
