USD/TRY has moved sharply down this week falling to the support line since the end of November.
EUR/JPY: will the wedge save bears?
TP1 131 TP2 129.15
On the daily chart of EUR/JPY, a break of the upper border of the 129.15-132.15 range with the following retest means that bulls are in control of the situation. They aim at the 88.6% target of the “Shark”.
On H1, EUR/JPY reached targets of the “Wolfe waves” and the junior “Shark”. The senior “Shark” is still in place. At the same time, the return of the pair to support at 132.1 will end the formation of the “Widening wedge”.
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 remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...