USD/JPY: bearish 'High Wave'

USD/JPY: bearish 'High Wave'


There's a bearish 'High Wave', which hasn't been confirmed yet. So, we should keep an eye on the nearest resistance at 110.83 as a possible departure point for another decline.


We've got a bearish 'Engulfing' on the 55 Moving Average. It's likely that the pair is going to test the closest resistance at 110.82. If a pullback from this level happens next, there'll be time for a decline.




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.

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