XAU/USD: an attempt to recover
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
EUR/JPY: euro is weaker than yen
Recommendation:
SELL 128.3
SL 128.85
TP1 127.3 TP2 126.3 TP3 125.5
On the daily chart of EUR/JPY, bears managed to pull the pair back to the medium term downward channel and implement the “Shark” pattern. Its 88.6% target is at the level of 125.5. To rise, the pair needs to break above 128.85.
On H1, the pair keeps reaching targets of the “Shark” pattern. Bears are stronger, that’s why pullbacks with rebounds from resistances at 128.3 and 129.2 can be used to sell.
Ivan Karamazov
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XAU/USD: an attempt to recover
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
AUD/USD is looking down
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
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