USD/JPY: the Dollar tested a Cloud’s resistance
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen.
EUR/USD is hunting bats
Recommendations:
BUY 1.1615
SL 1.1560
TP1 1.1715 TP2 1.1790 TP3 1.1910
On the daily chart, EUR/USD keeps consolidating in the 1.1515-1.1815 range. Bulls keep hoping to form a “Dragon” and a “Crab”. To do it, they will need to lead the pair out of the downtrend channel, push it above resistance at на 1.1755 and then renew July high.
On H1, if EUR/USD reaches 88.6% target of a “Bat”, it will allow locating support. A pullback from it will create the ground for long positions.
Ivan Karamazov
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