Daily Market Analysis

AUD/JPY reached buy target 84…

Wave 2 may have been formed, cause there's a pullback from 4/8 MM Level. Also, there's a bearish impulse in wave (i).

The last bullish "Engulfing" has been confirmed strongly, but we've got a bearish "Engulfing", which has a quite weak confirmation.

The price is consolidating along the "Window". Also, there's a bullish "Three Methods", which hasn't been confirmed yet.

The price is consolidating under the 34 Moving Average, so there's a possible developing "Rising Wedge" pattern.

There's a "Triple Top", which has been confirmed. In this case, the market is likely going to achieve the closest support.

Recommendation: BUY 0,977 SL 0,9715 TP1 0,993 TP2 1,005…

Recommendation: SELL 1,117 SL 1,1225 TP1 1,11 TP2 1,1025…

 USD/JPY is trading a little bit higher this morning at 110…

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices entered into the Cloud and the Bulls will going to the upper bound of the Cloud.

Bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are returned to upper bounds of the Cloud after testing the support of Senkou Span B.

USD/JPY has been following a bullish bias and an impulsive structure is being developed since June 14th…