USD/JPY: yen is hunting for crabs
On the daily chart, bears are trying to keep USD/JPY inside the long-term downtrend channel.
USD/CHF: the CHF has reached the Rubicon
Recommendation:
SELL 0.993
SL 0.9985
TP1 0.983 TP2 0.978 TP3 0.972
On the daily chart of USD/CHF, bears and bulls fight for the important level at 0.9995 (the upper boundary of the consolidation within the “Spike and ledge” pattern). If bulls succeed, the pair will have more chances to reach the target of the “Wolfe waves” pattern. Vice versa, if bulls don’t manage to hold the pair within the upward channel, it will signal their weakness.
On H1, if the pair manages to break the support at 0.993, the “Crab” pattern will be implemented and odds of the “Broadening wedge” pattern’s implementation will increase.
Ivan Karamazov
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EUR/JPY: no one wanted to give in
On the daily chart, EUR/JPY reached 88.6% target of the “Bat”.
GBP/USD: pound reached daily support
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
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EUR/USD: euro hung on Tenkan-Kijun
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141.30
GBP/JPY broke support level 141…
USD/CHF: bears saw a dragon
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…
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