USD/JPY: the Bulls entered inside Cloud
Narrow bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
NZD/USD wants to get into an old cage
Recommendation:
BUY 0.7075
SL 0.7020
TP1 0.7165 TP2 0.7265
On the daily chart, buyers managed to lead the pair outside of the short-term consolidation range and return them inside an uptrend channel. If they succeed, the risks of an uptrend resumption will increase. The recoil of diagonal resistance will allow expecting the test of resistance at 0.6963.
On H1, NZD/USD is realizing “Head and Shoulders” and “Shark” patterns. If the pair renews December high, it will create grounds for 88.6% of the “Shark” patterns.
Ivan Karamazov
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