On the daily chart of EUR/JPY, bulls and bears are fighting for the upper boundary of the downward channel.
USD/CHF: franc got to the top
BUY 1.0035 SL 0.998 TP1 1.0145 TP2 1.0235
SELL 0.994 SL 0.9995 TP1 0.9875 TP2 0.984
On the daily chart, USD/CHF consolidated after reaching 224% target of AB=CD. A triangle was formed. A break of its upper border will allow bulls to continue rally towards 1.0145 and 1.0235.
On H1, USD/CHF keeps forming a ledge within “Spike and ledge” pattern. A successful test of resistance at 1.0035 will open the way up to bulls. On the other hand, decline below support at 0.9940 will let bears develop correction.
On the daily chart of EUR/USD, chances that the pair will reach targets of the “Head and Shoulders” pattern and the “Shark” pattern (88.6% target) are declining.
On the daily chart of EUR/GBP, the long-term consolidation within 0.87-0.902 is continuing.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...