On the daily chart of USD/JPY, there is the rally to 200% target of the AB=CD pattern.
EUR/JPY: bulls took a break
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.
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.
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…