On the daily chart of EUR/GBP, after a plenty of attempts, bulls have managed to pull the pair out of the upper boundary of the 0.87-0.89 consolidation.
EUR/JPY: euro is counterattacking
TP1 132.80 TP2 133.20 TP3 136.70
On H1, EUR/JPY is consolidating in the 129.15-132.15 range within the “Spike and ledge” pattern. A break of its upper border will increase the risks of a “Shark” pattern with a target at 88.6%. It corresponds to 136.7.
On H1 of EUR/JPY, the inability of bears to return the pair inside the downtrend channel points at their weakness. A successful test of resistance at 131.8 will open the way up to targets of “Wolfe waves” and “Shark”.
On the daily chart of EUR/USD, the downward triangle is forming.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal.
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…