Daily Market Analysis

On the daily chart of EUR/JPY, the correction to the 4-5 wave within the implementation of the “Broadening wedge” pattern keeps going.

On the daily chart of USD/JPY, the pair reached targets of the “Three Indians” pattern.

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

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen with rising lines.

The market is likely going to test the 34 Moving Average, which could act as resistance. If so, we should keep an eye on...

We're likely going to have a bearish correction soon. In this case, we should keep an eye on the next resistance

On the daily chart of USD/CHF, the fast attack let bulls implement the 88.6%  target of the “Shark” pattern.

On the daily chart of GBP/USD, bears couldn’t pull the pair out of the upward channel and break below 1.3065.

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

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

The monthly GDP growth figures will be released in the UK at 11:30 MT time on October 10.

On the daily chart of XAU/USD, 1,180-1,215 consolidation keeps going.