Last week NZD/USD made a significant thrust to the downside.
USD/JPY: bears halted
BUY 107.85 SL 107.3 TP1 108.9 TP2 109.4 TP2 109.9
SELL 105.95 SL 106.5 TP1 104.95 TP2 103.95 TP3 102.8
On the daily chart USD/JPY, there is a short-term consolidation within the downtrend. A break of its lower bound near 106.6 will give hope to bears for the implementation of 127.2% and 161.8% targets of the AB=CD pattern.
On H1 of USD/JPY, bulls are trying to return quotations to the triangle and take the pair beyond the downtrend channel. If bulls succeed, the “Bat” pattern with the 88.6% target may be implemented.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…