On the daily chart of XAU/USD, bears have tried to implement the “Shark” pattern
EUR/JPY: euro is in the ledge
TP1 134.60 TP2 136.00 TP3 137.70
On the daily chart, EUR/JPY is forming a “Spike and ledge”. A break of the upper border of the 131.5-133.95 range will create grounds for the pair going to 200% target of AB=CD. On the other hand, successful test of support at 131.50 will trigger the “Bat” pattern. Its 88.6% target corresponds to 128.30.
On H1, EUR/JPY formed a “Widening wedge” pattern. To resume the uptrend, there’s a need for a successful test of resistance at 133.6.
On the daily chart of USD/CAD, the “Three drives” pattern keeps forming.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen.
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…