On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave).
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”.
On the daily chart, bulls managed to lead NZD/USD outside of the downtrend channel. They are ready to trigger the “Shark” with 88.6% and 113% targets.
On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
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...