On the daily chart, EUR/GBP has been stuck in the 0…
USD/JPY: bears left their lair
TP1 109 TP2 108.4 TP3 108
On the daily chart of USD/JPY, after the pair reached 113% target of the “Shark” there was a natural pullback. The “Shark” s transforming into 5-0. In line with this process, it’s correcting to 23.8%, 38.2% and 50% of the wave CD.
On H1, USD/JPY formed “Three Indians”, “Spike and reversal with acceleration”, as well as the senior and junior AB=CD. Their combination allowed bears to attack and lead the pair out of the uptrend channel. Sellers want to bring the pair to 261.8% of AB=CD.
On the daily chart of EUR/USD, bulls are trying to form a double bottom with the help of a bar with the long lower shadow. Bears are still hoping to trigger AB=CD pattern with targets 127.2%, 161.8%, and 200%.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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.
We've got a pullback from the nearest "Window", so there's an "Engulfing" pattern. In this case, the pair is likely going to...