On the daily chart of EUR/GBP, after a plenty of attempts, bulls have managed to pull the pair out of the upper boundary of the 0.87-0.89 consolidation.
USD/JPY: bulls are catching wave
TP1 114.25 TP2 114.8
On the daily chart, USD/JPY broke the lower border of a rising triangle and then retested it. This was a sign that bears attacked. Sellers tested support at 113 and are trying to fix below it. If they succeed, risks of reaching 88.6% target of a “Shark” pattern will increase.
On H1, USD/JPY is forming “Wolfe waves” pattern. To trigger it the pair needs a convincing test of resistance at 113.25. The inverted “Crab” pattern with a target at 161.8% will be also triggered.
On the daily chart of EUR/USD, the downward triangle is forming.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal.
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…