USD/JPY: yen is hunting for crabs
On the daily chart, bears are trying to keep USD/JPY inside the long-term downtrend channel.
GBP/USD: pound is getting ready for an attack
Recommendation:
BUY 1.2975
SL 1.2920
TP1 1.3035 TP2 1.3070 TP3 1.3105
On the daily chart, GBP/USD keeps forming a “Shark” pattern. The pair got close to its 113% target near 1.2855. The pair may also form a “Three Indians” pattern. This makes it more likely that the correction to the long-term uptrend will end.
On H1, GBP/USD reached 113% target of the “Shark”. If it breaks above resistance at 1.2975, the odds of a pullback to 38.2% and 50% in line with the transformation of a “Shark” into 5-0 will increase.
Ivan Karamazov
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EUR/JPY: no one wanted to give in
On the daily chart, EUR/JPY reached 88.6% target of the “Bat”.
GBP/USD: pound reached daily support
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
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EUR/USD: euro hung on Tenkan-Kijun
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 141.30
GBP/JPY broke support level 141…
USD/CHF: bears saw a dragon
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…
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