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: the pair plans its further movements
BUY 130.1 SL 129.55 TP1 131.1 TP2 132.45 TP3 133.15,
SELL 127.55 SL 128.1 TP1 126.55 TP2 125.75 TP3 124.5
On the daily chart of EUR/JPY, the consolidation as a part of the "Broadening Wedge" and "Shark" patterns' implementation continues. Bears plan to reach the 88.6% target of the "Shark" pattern. Bulls, in their turn, hope that the break of the resistance near the 130 mark will push the pair up.
On H1, the "Spike and Ledge" pattern is implemented. If the pair moves out of the "ledge" between 127.55 and 130.1, the risks of the fall towards the 88.6% target of the "Bat" pattern and the 161.8% target of the AB=CD pattern will increase.
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.