On the daily chart of EUR/JPY, bears pulled the pair below an important support at 128.85 (38.2% of the long-term rising wave) and are trying to return it to the descending channel.
Daily Market Analysis
Bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling lines
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines.
GBP/USD broke key support level 1…
GBP/CHF broke key support level 1…
The main intraday target is the lower 'Window' (110.20). If a pullback from this level happens next, we're going to have a bullish correction...
It's time for a local downward correction. Anyway, the market is likely going to test the next resistance at 1.1662 little later on...
It's likely that the market is going to reach another support at 1.2877 - 1.2851. This area could be a departure point for...
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
On the daily chart, GBP/USD keeps forming a “Shark” pattern. The pair got close to its 113% target near 1.2855.
USD/CHF is forming a “Triangle”. A break of its upper border near 1.0070 will open the way to the target of “Wolfe waves” pattern for buyers.
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen and expanding channel Tenkan-Kijun.