EUR/JPY: uncertainties around the euro
On the daily chart of EUR/JPY, bulls and bears are fighting for the upper boundary of the downward channel.
NZD/USD: the kiwi learns to fly
Recommendation:
BUY 0.6825
SL 0.677
TP1 0.6875 TP2 0.6915 TP3 0.7015
On the daily chart of NZD/USD, if the pair goes out of the downward channel and breaks the resistance at 0.6855, the “Bat” pattern with the 88.6% target will be implemented. It corresponds to 0.702.
On H1, bulls get ready to break the resistance at 0.6825. If they succeed, bulls will pull the pair out of the downward channel and the “Shark” pattern with the 113% target will be implemented. When the pair reaches the target, there is a risk possibility of the pullback within 5-0 transformation.
Ivan Karamazov
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