EUR/GBP: bulls aim for a breakthrough
EUR/GBP can’t leave the consolidation range of 0.87-0.9020. It was formed in line with the “Spike and ledge” pattern.
EUR/JPY: euro is hunting sharks
Recommendation:
BUY 130.10
SL 129.55
TP1 130.90 TP2 132.00 TP3 133.40
On the daily chart, bulls counterattacked after EUR/JPY reached 161.8% target of AB=CD. They managed to return the pair inside the previous consolidation range of 129.15-132.15. If the pair moves to its middle, it will trigger a “Shark” pattern with 88.6% and 113% targets and “Shakeout-Fakeout” pattern.
On H1, if EUR/JPY rises above the upper border of the downtrend channel, it will increase the odds of the pair getting to 88.6% and 113% of the “Shark”.
Ivan Karamazov
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EUR/USD: bears control the euro
On the daily chart, bears are in control. They are still hoping to push the pair to 200% target of AB=CD.
USD/JPY: the Bears may continue downtrend
Bearish Ichimoku Cloud with falling Senkou Span B; a cancelled golden cross of Tenkan-sen and Kijun-sen.
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EUR/USD: euro hung on Tenkan-Kijun
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 141.30
GBP/JPY broke support level 141…
USD/CHF: bears saw a dragon
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…
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