Daily Market Analysis

It's likely that the pair is going to test the closest resistance at 1.1762 - 1.1779, which could be a departure point for...

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

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen

On the daily chart of USD/JPY, after the pair reached 113% target of the “Shark” there was a natural pullback.

On the daily chart of EUR/JPY, bears managed to form “Shakeout-Fakeout” pattern and lead the pair out of the medium-term consolidation range of 129.15-132.15.

EUR/JPY broke support zone Next sell target - 128…

GBP/JPY broke key support level 147…

It seems the GBP/CAD looks forward to resume the bearish bias in the short-term, as it has been correcting the cycle started from May 18th and now, we can expect another leg higher to re-test the Fibonacci level of 50% at 1…

Turkish lira made a spectacular decline during the recent trading days…

There's no any reversal pattern so far, which means the price is going to continue falling down towards the closest support area...

The market is likely going to continue declining in the direction of the next support area in the coming hours...

We should keep an eye on the nearest support at 1.3300 - 1.3266 as the next bearish target...