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 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
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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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