On the daily chart, bears are trying to keep USD/JPY inside the long-term downtrend channel.
GBP/USD: pound may continue downtrend
Technical levels: support – 1.3215; resistance – 1.3340.
- Sell — 1.3340; SL — 1.3360; TP1 — 1.3215; TP2 — 1.3170.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen; the prices on 3W lows and the Bears may going lower.
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…