Daily Market Analysis

Recommendation: SELL 0…

On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).

A pullback from 1.3172 - 1.3143 could be a starting point for another upward price movement towards the next resistance...

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

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

There's no any reversal pattern so far. In this case, after a short break, the pair is likely going to test the next resistance at 1.1784...

Recommendation: BUY 131…

On the daily chart, bulls failed to push USD/JPY above an important resistance at 112.45 from the first attempt.

There's a 'Thorn' pattern, which pushed the price higher. It's likely that the market is going to test the closest resistance...

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

Extremely narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.

We should keep watching the next resistance at 1.1776 as an intraday target...