EUR/JPY: bulls took a break

EUR/JPY: bulls took a break

Recommendations:

BUY 133.35 SL 132.8 TP1 134.35 TP2 135.8 TP3 136.7

SELL 132.9 SL 133.45 TP1 132.1 TP2 131.9 TP3 131

On the daily chart, EUR/JPY keeps rising towards 88.6% target of the “Shark”. Formation of the inside bar at the important level of 50% of the wave XC points at uncertainty. Bulls are doubting their strength.

EUR1.png 

On H1, EUR/JPY after forming a “Broadening wedge” as a continuation pattern consolidated in the 132.90-133.35 range within the “Spike and ledge” pattern on the basis of 1-2-3.

EUR2.png

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What are the scenarios for gold?

On the daily chart, XAU/USD is consolidating in the 1185-1210 range. A break of its upper border will trigger a “Crab” with a 161.8% target.

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