On the daily chart, bears are trying to keep USD/JPY inside the long-term downtrend channel.
EUR/USD: will the euro tame a dragon?
Recommendation: BUY 1.167 SL 1.1615 TP 1.172 TP2 1.178 TP2 1.1815
On the daily chart of EUR/USD, bulls are for the second time trying to counterattack and trigger the reversal pattern a “Dragon”. To begin with, they need to lead the pair outside of the descending channel. Bears are still hoping for a realization of the AB=CD pattern.
On H1, EUR/USD keeps forming a widening wedge. A successful test of diagonal resistance near 1.1670 will allow bears to bring the pair to 78.6% target of the Gartley pattern.
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…