On the daily chart of USD/JPY, there is the rally to 200% target of the AB=CD pattern.
GBP/USD: a chance to buy the pound
TP1 1.4345 TP2 1.4430 TP3 1.4525
On the daily chart, GBP/USD after reaching 88.6% target of the senior “Shark” pattern can proceed to 23.6%, 38.2% and 50% of the wave CD. To continue rally towards targets to 113% and 127.2% of the senior “Shark” pattern and AB=CD bulls need to rise above March high.
On H1, GBP/USD reached targets of a “Shark” and “Wolfe waves”. Further dynamics will depend on the pair’s exit of the 1.4065-1.4245 consolidation range.
On the daily chart of EUR/JPY, the pair keeps going up to 127.2% and 88.6% targets of “Perfect butterfly” and “Shark” patterns.
Expanding bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen.
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…