AUD/NZD is making movements to the downside which are hard to ignore.
EUR/JPY: yen is trying to win
TP1 127.9 TP2 127.45 TP3 125.7
On the daily chart of EUR/JPY, bears managed to form “Shakeout-Fakeout” pattern and lead the pair out of the medium-term consolidation range of 129.15-132.15. As a result, the pair triggered AB=CD pattern. Its 127.2%, 161.8% and 200% targets correspond to 127.45, 125.7 and 123.85. Resistance is near 128.9-129.15.
On H1 of EUR/JPY, there’s a downtrend. Bears are dominating at the market, so pullbacks may be used for selling.
USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01.
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
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...