On the daily chart of USD/JPY, there is the rally to 200% target of the AB=CD pattern.
GBP/USD: bears hold the line
SELL 1,297 SL 1,3025 TP1 1,286 TP2 1,278,
SELL 1,299 SL 1,3035 TP1 1,286 TP2 1,278.
On the GBP/USD daily chart, quotes are moving within the borders of the upward trading channel. A break of its lower border might lead to the return of the pound to the previous consolidation range of 1,277-1,286. In contrast, the update of the May high will allow the bulls to fulfill 161.8% target of the AB = CD pattern.
On the GBP/USD hourly chart, there is a transformation of the daughter "Shark" pattern into 5-0. If the bears manage to hold the resistances at 1.297 and 1.299, the subsequent breakout of the lower border of the upward trading channel may lead to the realization of parent "Shark" pattern.
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…