EUR/USD: 'High Wave' and 'Harami' pushed price higher
There's no any reversal pattern so far. In this case, after a short break, the pair is likely going to test the next resistance at 1.1784...
USD/JPY broke daily down channel
- USD/JPY broke daily down channel
- Next buy target - 1.7000
USD/JPY continues to rise inside the intermediate impulse wave (3) – which previously broke the resistance trendline of the wide daily down channel from March (which has enclosed the most of the previous primary ABC correction ②). The active wave started previously from the support zone lying between the key support level 111.70 (low of wave 2) and the 50% Fibonacci correction of the upward impulse from September. USD/JPY is expected to rise to the next buy target at the next resistance level 114.40.
Dmitry Chernovolov
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