Daily Market Analysis

On October 31 of 2008, Satoshi Nakamoto (still unknown person or organization) released a paper “A Peer-to-Peer Electronic Cash System” that gave a birth to Bitcoin.

If a pullback from the 'Window' happens next, bears will probably try to reach the closest support at 1.1357...

The main intraday target is the next resistance at 1.2969 - 1.2989. If a pullback from this area happens little later on...

On the daily chart of EUR/JPY, if bulls can’t pull the pair out of the downward channel and break the resistance at 128.85, it will signal their weakness.

On the daily chart of USD/JPY, bulls couldn’t break the resistance at 113.25 that signals their weakness.

Narrowing bearish Ichimoku Cloud with rising Senkou Span A and falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen.

Bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines.

There's no any reversal pattern so far, which means the pair is likely going to reach the lower 'Window'. A pullback from this level could be...

There's a 'V-Bottom', so we're likely going to have an upward correction towards the nearest resistance at 1.2753 - 1.2784...

In the middle of August, the British pound got a boost to turn the downtrend.

On the daily chart of GBP/USD, the 88.6% target of the “Bat” pattern was reached. This situation increases risks of the rebound.

On a daily chart of USD/CHF a break of the resistance at 0.9985 let bulls continue to move up towards the 113% and 127.2% targets of the “Shark” and AB=CD patterns.