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: yen prefers waves
Recommendation: SELL 128.45 SL 129 TP1 127.45 TP2 126.75 TP3 126.5
On the daily chart, EUR/JPY is fighting for an important level of 128.85. If buyers win, the odds of triggering “Ideal butterfly” and “Shark” patterns with targets at 127.2% and 88.6% will increase. On the other hand, bears’ victory will allow them to form AB=CD pattern. Its 161.8% target is near 120.7.
On H1 of EUR/JPY, there’s a bearish “Wolfe waves” pattern. A confident break of support at 128.45 will trigger a “Shark” pattern with targets at 88.6% and 113%.
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...