USD/JPY: yen is hunting for crabs
On the daily chart, bears are trying to keep USD/JPY inside the long-term downtrend channel.
NZD/USD got into a cage
Recommendations:
SELL 0.6715 SL 0.677 TP1 0.6615 TP2 0.6515
BUY 0.6855 SL 0.68 TP1 0.6915 TP2 0.6975 TP3 0.7025
On the daily chart of NZD/USD, bulls tried to lead the pair out of the downtrend channel and trigger the “Bat” pattern but failed. The pair formed a consolidation range of 0.672-0.6855. If it gets out of it, it will find the direction for further movement.
On H1, NZD/USD is consolidating within a short-term downtrend. Bears are trying to finish the “Widening wedge” pattern and continue the decline.
Ivan Karamazov
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On the daily chart, EUR/JPY reached 88.6% target of the “Bat”.
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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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GBP/JPY broke support level 141.30
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