Last week NZD/USD made a significant thrust to the downside.
EUR/JPY: bulls will surf
TP1 133.3 TP2 134.15
On the daily chart, EUR/JPY formed “Wolfe waves” and a pin bar. Their formation will increase the odds of the uptrend resumption. If bulls manage to return inside the uptrend channel, risks of advance to 224% and 161.8% targets of senior and junior AB=CD patterns will significantly increase.
On H1, a break of the diagonal resistance at 2-4 within the “Wolfe waves” pattern will become a signal for opening long positions towards 113% target of the “Shark” pattern.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…