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Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD/JPY:
USD/JPY: "Harami" led to decline

The last bearish "Shooting Star" led to the current decline. However, we've got a bullish "Doji", but this pattern hasn't been confirmed yet.

EUR/USD: pullback from 7/8 MM Level
EUR/USD: pullback from 7/8 MM Level

Wave (iv) is probably taking the form of a flat pattern. The main intraday target is 6/8 MM Level. If we see a pullback from this level...

GBP/USD: bearish
GBP/USD: bearish "Thorn" pattern

There's a consolidation, which is taking place near the 55 Moving Average. The main intraday target is resistance at 1.3057 - 1.3077.

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