NZD/JPY has performed well this month forming higher lows and highs. It was supported by the 50-day MA in July and took off from that level.
EUR/USD: euro wants to surf
TP1 1.1845 TP2 1.1935 TP3 1.2065
On the daily chart, EUR/USD reached support at 1.1667. If it falls below it, the risks of triggering the “Shark” pattern with target at 88.6% will increase. On the other hand, a rebound and the reaching of 88.6% target of the “Bat” will create grounds for correction to 23.6%, 38.2% and 50% of the wave CD.
On H1 of EUR/USD, bulls want to trigger “Wolfe waves” pattern with a target at the line 1-4. At the same time, if the pair doesn’t leave the downtrend channel, their plans will fail.
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...