On the daily chart of USD/JPY, there is the rally to 200% target of the AB=CD pattern.
EUR/USD: euro is preparing an attack
TP1 1.2000 TP2 1.205
On the daily chart, EUR/USD bulls are preparing to test resistance at 1.1875-1.1885 and trigger the inverted “Shark” pattern. In case of success, risks of reaching 88.6% will increase. Failure will lead to consolidation in the 1.1710-1.1885 range.
On H1, EUR/USD reached the targets of the “Widening wedge”: after a pullback from 38.2% of the wave 4-5 and return to 23.6% there was a possibility to form long positions. To increase them one may use resistance at 1.1875 and trigger AB=CD pattern.
On the daily chart of EUR/JPY, the pair keeps going up to 127.2% and 88.6% targets of “Perfect butterfly” and “Shark” patterns.
Expanding bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen.
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…