On the daily chart of XAU/USD, bears have tried to implement the “Shark” pattern
USD/JPY: bears want more
TP1 104.35 TP2 103.35 TP3 102.80
On the daily chart, the inability of bulls USD/JPY to bring the pair outside of the downtrend channel and keep them above 106.50 points at their weakness. To continue the decline towards 161.8% target of AB=CD, bears need a confident test of support at 105.35.
On H1, the transformation of the “Shark” into 5-0 allowed forming short positions. Triggering of AB=CD will allow bears to continue the decline towards 161.8%.
On the daily chart of USD/CAD, the “Three drives” pattern keeps forming.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen.
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…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…