Daily Market Analysis

We're likely going to have a local upward correction soon. Even so, we should keep on track the next support...

On the daily chart of GBP/USD the price broke through the lower limit of the downward channel.

The market is likely going to test the nearest resistance at 1.3004 - 1.3025 within the next few hours...

On the daily chart, USD/JPY keeps forming 161.8% target of AB=CD. As long as the pair is above 113.35 (61.8% of the descending wave), bulls are in control.

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

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

The consumer inflation in Turkey increased to 24…

There's a bearish 'Evening Star', so the price is likely going to test the next support at 1.1433 within the next few hours...

The market is likely going to test the nearest resistance at 1.3032 - 1.3055 and the Moving Averages...

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen but the lines are horizontal.

Bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen.

Asian currency market suffers tough times.