It seems that BTC/USD formed a “double top” after it had met resistance at the 61.8% of the 2017-2018 decline in the 13,500 area.
EUR/JPY: will the pin bar scare sellers?
BUY 130.90 SL 130.35 TP1 131.90 TP2 132.60 TP3 133.00
SELL 129.15 SL 129.70 TP1 128.15 TP2 127.50 TP3 123.90
On the daily chart of EUR/JPY, a successful break below the lower border of the 129.15-132.15 consolidation range will trigger AB=CD pattern with a target at 200%. On the other hand, a pin bar and exit outside of the downtrend channel will allow bulls to counterattack.
On H1, a break of the diagonal resistance with the following successful test of 131.4 will trigger a “Bat” pattern. Its 88.6% target is at 133.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...