EUR/GBP is tired of corridors
On the daily chart, EUR/GBP has been stuck in the 0…
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 found a double bottom
On the daily chart of EUR/USD, bulls are trying to form a double bottom with the help of a bar with the long lower shadow. Bears are still hoping to trigger AB=CD pattern with targets 127.2%, 161.8%, and 200%.
GBP/USD: bulls got a strength for correction
Narrowing bearish Ichimoku Cloud with rising Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen.
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