On the daily chart of EUR/JPY, bulls and bears are fighting for the upper boundary of the downward channel.
GBP/USD: pound stuck in consolidation
Technical levels: support – 1.2910; resistance – 1.2950, 1.2980.
1. Buy — 1.2960; SL — 1.2940; TP1 — 1.3050.
2. Sell — 1.2930; SL — 1.2950; TP1 — 1.2810; TP2 — 1.2710.
Reason: bullish Ichimoku Cloud, horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen over the Cloud; the prices are under the resistance of Tenkan-sen and Kijun-sen.
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...