GBP/USD failed at resistance
The pair will be affected on the intraday basis by British Inflation Report hearings and US durable goods orders.
EUR/JPY: bulls went to the stable
Recommendation:
SELL 133.05
SL 133.60
TP1 132.05 TP2 131.5
On the daily chart, EUR/JPY is trading in the “Shakeout-Fakeout” pattern. After reaching 161.8% target of AB=CD the pair returned inside the previous consolidation range of 131.50-134.30. A break of the lower border of an uptrend will increase the risks of correction to the long-term bullish trend.
On H1, a successful test of support at 133.05 will allow bears to trigger the “Shark” pattern and make the pair go to 88.6%.
Ivan Karamazov
Similar
Levels to trade EUR/USD
EUR/USD met resistance in the 1.1415 area. The pair’s advance in the recent days was quite rapid, so it might be hard for the euro to retain the bullish momentum.
XAU/USD can make a small correction
After its extensive decline last week, the USD can make a small comeback.
Latest news
EUR/USD: no any reversal pattern so far
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
USD/JPY: the Dollar is under bears pressure
Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
USD/BRL is breaking down
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.
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