On the daily chart, bears are trying to keep USD/JPY inside the long-term downtrend channel.
GBP/USD: bears-bulls - 5:0
SELL 1.3225 SL 1.3280 TP1 1.3125 TP2 1.3025 TP3 1.2870
On the daily chart of GBP/USD, bears managed to fight off the bullish attack at resistance at 1.3455 and start their own advance. The pair triggered AB=CD pattern. Its 200% target is at 1.2870.
On H1, GBP/USD reached 113% target of the “Shark”. As a result, the odds of a pullback to 23.6%, 38.2% and 50% of the wave CD in line with its transformation to 5-0 pattern increased. A pullback from resistances may be used for selling.
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…