EUR/JPY: uncertainties around the euro
On the daily chart of EUR/JPY, bulls and bears are fighting for the upper boundary of the downward channel.
USD/CAD: bears went hunting
Recommendation:
SELL 1.2735
SL 1.279
TP1 1.2635 TP2 1.2375 TP3 1.2345
On the daily chart, USD/CAD keeps forming the “Shark” pattern. Its 88.6% target is near 1.2345. To continue the decline, bears have to settle below an important support at 1.2685 as well as the lower border of the uptrend channel.
On H1, USD/CAD reached 224% target of AB=CD. Beers want to continue the decline towards 88.6% target of the “Shark”.
Ivan Karamazov
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