On the daily chart, bears are trying to keep USD/JPY inside the long-term downtrend channel.
EUR/USD: will the euro fall?
TP1 1.163 TP2 1.166 TP3 1.169
On the daily chart, EUR/USD keeps consolidating in the 1.1510-1.1780 range in line with the “Spike and ledge” pattern on the basis of 1-2-3. A break of its lower border will trigger AB=CD pattern with a target of 200%. On the other hand, a successful test of resistance at 1.1760 will give bulls hope for the resumption of the uptrend.
On H1, there’s a transformation of a “Broadening wedge”. After reaching the 88.6% target of a “Shark”, there’s a big probability of a pullback towards 23.6%, 38.2% and 50% of the wave CD as the pattern is transforming into 5-0.
On the daily chart, EUR/JPY reached 88.6% target of the “Bat”.
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
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…