USD/JPY: the yen liked the “Shark”
On the daily chart of USD/JPY, there is the rally to 200% target of the AB=CD pattern.
EUR/USD: bulls took a break
On the EUR/USD daily chart, there was a rebound of quotes from the lower boundary of the medium-term rising channel with the subsequent breakout of the upper boundary of the short-term downward channel. Bulls managed to settle above the important level of 1.0695. As a result, an internal bar was formed. A breakout of its upper border near 1.0738 will create prerequisites for the continuation of the rally. In contrast, a successful test of the support at 1.0695 will allow bears to regain their control over the pair.
On the EUR/USD hourly chart, the exit of quotes from the triangle followed by the activation of the inverted Shark pattern increased the risks of implementation of 88.6% target (1.087). But first, the bulls need to break the resistance at 1.0738.
Anastasia Mileshkina
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