Daily Market Analysis

The pair is making a retracement that has helping to develop some fractals across the board, according to the projections in the H1 chart…

CAD/JPY falling inside impulse wave 5 Next sell target - 81…

AUD/NZD reversed from resistance zone Next sell target 1…

The pair is likely going to reach the nearest resistance area, which could be a departure point for another decline...

The price is likely going to test the 21 Moving Average, which could be a departure point for another decline...

Recommendations: BUY 107…

Recommendations: BUY 131…

Bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal and narrowing channel Tenkan-Kijun; the bears are breakdown the support of Senkou Span A, Tenkan-sen and Kijun-sen and the market may continue existing downtrend.

Bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with the falling lines; the market made a new lows of the year, but  there is a strong support on 0.7690.

It's likely to have a bullish correction in the short term. However, if we see a pullback from the nearest resistance...

We should keep an eye on the next support at 1.2129 - 1.2050 as an intraday target. If a pullback from this area happens little later on...

GBP/JPY broke key support level 147…