XAU/USD has reached resistance
XAU/USD reached resistance of the uptrend channel in the area of 1347.
EUR/JPY: euro wants freedom
Recommendation:
BUY 130.3 SL 129.75 TP1 130.95 TP2 132 TP3 132.2
SELL 129.4 SL 129.95 TP1 128.4 TP2 128 TP3 126.7
On the daily chart of EUR/JPY, bulls keep trying to trigger “Shakeout-Fakeout” and “Shark” (targets at 88.6% and 113%). For that, they need to return the pair to the middle of the previous consolidation range of 129.15-132.15.
On H1 of EUR/JPY, a break of resistance at 130.30 will increase the odds of going to 88.6% and 113% targets of a “Shark” pattern. On the other hand, a decline below support at 129.4 will return the pair inside the downtrend channel and open the way down to 128 and 126.7.
Ivan Karamazov
Similar
GBP/USD: levels to trade
GBP/USD regained some ground on the weakness of the USD and the optimism about Brexit.
AUD/NZD faces more downside
AUD/NZD is making movements to the downside which are hard to ignore.
Latest news
GBP/USD: confirmed "Thorn" pattern
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
Deposit with your local payment systems
