EUR/JPY broke key support level 131…
USD/CHF: soon to complete a bearish sequence
USD/CHF has been following a bearish sequence during November and now it has been setting a correction that could gain momentum soon in order to resume the overall bias. A leg lower is expected to take place towards the 50% Fibonacci zone at 0.9726, at which we could expect a rebound in order to rally towards the -23.6% Fibo level at 1.0181. With that being said, we’re forecasting a short-term consolidation above the parity zone.
RSI indicator remains in the neutral territory, calling for sideways’ moves.
There isn't any reversal pattern so far. If the 21 MA acts as resistance, we're likely going to have just another decline...
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are returned to the support of Tenkan and Kijun and may go higher.
Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls can’t breaking out the resistance of upper border of the Cloud and the market may return to 113.00.