On the daily chart, bears are trying to keep USD/JPY inside the long-term downtrend channel.
EUR/USD: euro is on the edge
TP1 1.1525 TP2 1.14 TP3 1.1295
On the daily chart of EUR/USD, bears counterattacked and are ready to renew May low. In this case, the pair will trigger the junior AB=CD pattern with targets at 127.2%, 161.8% and 200% and the senior “Shark” pattern with a target of 88.6%.
On H1, EUR/USD is near the convergence area (88.6% target of a “Shark”). This increases the risks of a pullback towards 23.6%, 38.2% и 50% of the wave CD. Use the correction for selling.
On the daily chart, EUR/JPY reached 88.6% target of the “Bat”.
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
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…