EUR/USD: "Flag" led to upward price movement

EUR/USD: "Flag" led to upward price movement


The main trend is still bullish, and there's a new local high. It's likely that the pair is going to test the next resistance at 1.2596 - 1.2600. If a pullback from this area happens, there'll be a moment to have a decline towards the nearest support at 1.2493 - 1.2453.


The last "Flag" pattern led to the current upward price movement, but there's a "V-Top", so we're likely going to have a downward correction. Meanwhile, if a pullback from the nearest support at 1.2493 - 1.2473 happens little later on, we could have another bullish rally.



USD/JPY: bullish 'High Wave'

The main intraday target is the next resistance at 113.53, which could be a starting point for a bearish correction...



EUR/USD: euro hung on Tenkan-Kijun

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.

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