Daily Market Analysis

On the daily chart of GBP/USD, bulls are trying to resume the uptrend with the help of the corrective “Three Indians” pattern.

USD/CHF keeps consolidating in the 0.9780-0.9995 range within the “Spike and ledge” pattern on the basis of 1-2-3. A break of its upper border will increase the odds of its getting to the 1.0195 target of “Wolfe waves” pattern.

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

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

GBP/USD reversed from support zone Next buy target - 1…

EUR/GBP reversed from resistance zone Next sell target - 0…

The main intraday target is the upper 'Window' (110.67). If we have a pullback from this level, bears will probably try to reach...

There's a bullish 'Harami', so we could have a local upward correction. Even so, the price is likely going to...

The pair is going to reach the closest support at 1.3177 - 1.3143 soon. At the same time, if a pullback from these levels happens...

It's likely that the pair is going to test the closest support at 1.1628 - 1.1599 in the short term...

On H1 of USD/JPY, bears have a chance to trigger the “Widening wedge” pattern.

On the daily chart, EUR/JPY is fighting for an important level of 128.85. If buyers win, the odds of triggering “Ideal butterfly” and “Shark” patterns with targets at 127.2% and 88.6% will increase.