On the daily chart of USD/JPY, there is the rally to 200% target of the AB=CD pattern.
EUR/USD: euro looking for continue uptrend
Technical levels: support – 1.1710; resistance – 1.1760.
- Buy — 1.1770; SL — 1.1750; TP1 — 1.1850; TP2 – 1.1880
Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a correctional dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are supported by Senkou Span B and returned to upper border of the Cloud.
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…