On the daily chart of EUR/JPY, bulls and bears are fighting for the upper boundary of the downward 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 of EUR/USD, chances that the pair will reach targets of the “Head and Shoulders” pattern and the “Shark” pattern (88.6% target) are declining.
On the daily chart of EUR/GBP, the long-term consolidation within 0.87-0.902 is continuing.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...