Daily Market Analysis

Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen.

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising lines.

On the daily chart of USD/JPY, a break of the support at 112.85 and an exit out of the upward channel may mean an implementation of reversal 1-2-3 and "Three Indians" patterns.

On the daily chart of EUR/JPY, the pair keeps reaching targets of the "Broadening wedge" pattern.

We should watch the next support at 1.1117 as an intraday bearish target. This level could be a starting point for a bullish correction...

We should watch the nearest support at 1.2953 - 1.2930 as an intraday target for GBPUSD...

Irregular bullish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with narrowing channel of Tenkan-Kijun.

Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.

On the daily chart of GBP/USD, bulls could return the pair to the upper border of the downward channel.

On the daily chart of USD/CHF, the 113% target of the “Shark” pattern was reached.

The pair is likely going to test the upper 'Window' (1.1313) within the next few hours. The following pullback from this level could be...

The following pullback from the nearest resistance at 1.2930 - 1.2953 could lead to another decline in the direction of the next support...