GBP/CHF falling inside minor impulse 3 Next sell target - 1…
EUR/JPY: yen is preparing another attack
TP1 128.30 TP2 127.95 TP3 127.45
On the daily chart, EUR/JPY pulled back after reaching 78.6% target of a Gartley pattern. Bulls want more and are ready to move to 88.6% target of the “Shark” pattern, but bears have other plans. They are counting on the formation of a “Bat”.
On H1, EUR/JPY keeps forming a “Spike and reversal with acceleration”. A successful test of the trendline of the initial stage will trigger AB=CD pattern.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…