On the daily chart, bears are trying to keep USD/JPY inside the long-term downtrend channel.
GBP/USD: market is oversold
Technical levels: support – 1.3140; resistance – 1.3215.
- Buy — 1.3140; SL — 1.3120; TP1 — 1.3215; TP2 — 1.3270.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen; a market on the main daily supports and oversold; waiting for correction.
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…