USD/JPY: market tests Cloud’s support
Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen.
USD/CHF: franc aims on a record
Recommendations:
BUY 0.9465 SL 0.941 TP 0.955 TP2 0.9655
SELL 0.926 SL 0.9315 TP1 0.916 TP2 0.906 TP3 0.9015
On the daily chart of USD/CHF, the inability of bulls to keep the pair above 0.9410 points at their weakness. Return to correction low at 0.9465 will allow us to talk about the “Head and Shoulders” pattern. To continue the decline the pair has to break below January low.
On H1, USD/CHF is forming “Spike and ledge” and “Bat”. To continue the decline, bears need to pull the dollar below support at 0.93 and 0.9280.
Ivan Karamazov
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