CAD/JPY reversed from resistance zone Next sell target - 84…
EUR/USD reversed from support zone
- EUR/USD reversed from support zone
- Next buy targets - 1.1000 and 1.1100
EUR/USD continues to rise after the earlier upward reversal from the support zone lying between the support levels 1.0880 and 1.0830 (former strong resistance levels which have been reversing the price from the start of December). This support area was strengthened by the 20-day simple moving average. The upward reversal form this support zone started the active impulse wave (iii).
EUR/USD is expected to rise to the next buy target at the nearby resistance level 1.1000 (top of the previous impulse wave (i)) - the breakout of which can lead to further gains toward 1.1100 (target price for the completion of the active impulse wave 3).
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…