USD/JPY: the Bears have won
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
EUR/JPY was attacked by Japanese sharks
Recommendation:
SELL 133.80
SL 134.35
TP1 132.8 TP2 131.8 TP3 131.5
On the daily chart, EUR/JPY returned to the lower border of the medium-term uptrend channel. In case of its successful test, the risks of the pair’s decline to 88.6% of the “Shark” pattern will increase. On the other hand, a pullback will be in favor of the resumption of the long-term uptrend.
Renews February low, it will open the way down to 88.6% target of the “Shark” pattern at 131.50.
Ivan Karamazov
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Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen
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