EUR/USD: "V-Top" pattern

EUR/USD: "V-Top" pattern


We've got a "V-Top" pattern, so the price reached support at 1.1340. Meanwhile, the market is likely going to continue moving down towards the next support at 1.1307 in the short term. If a pullback from this level happens, there'll be an opportunity to have an upward price movement towards the next resistance at 1.1365 - 1.1398.


The 55 Moving Average has been broken, so the price faced support at 1.1340. At the same time, there's a "V-Bottom", which pushed the price to resistance at 1.1354. In this case, the market is likely going to reach the 34 Moving Average in the short term. If a pullback from this line happens, bears will have a green light to test the closest support at 1.1307.




USD/JPY: dollar is corrected to Kijun-sen

Expanding  bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are returned to the support of Tenkan and Kijun and may go higher.

USD/JPY: dollar can’t breakout SSA’s resistance

Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls can’t breaking out the resistance of upper border of the Cloud and the market may return to 113.00.


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