Recommendation: BUY 1…
USD/JPY: bulls keep pushing
BUY 112.5 SL 111.95 TP1 113.7 TP2 114.25 TP3 115.3
BUY 111.85 SL 111.35 TP1 113.7 TP2 114.25
On the daily chart, USD/JPY approached 88.6% target of the inverted “Shark” pattern. If they succeed to keep the pair above 113, the pair may go for 113% target.
On H1, USD/JPY keeps rising towards 224% target of AB=CD. The nearest resistance is close to 113.65. A recoil down from this level is likely. Trend remains bullish, so correction with the following recoil to the downside may be used for buying.
Recommendations: hold shorts (SELL 1,365 SL 1,3705 TP1 1,3525 TP2 1,337), BUY 1,3435 SL 1,338 TP 1,365…
Recommendation: BUY 0,695 SL 0,6895 TP 0,708…
Expanding bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen and narrow channel of Tenkan-Kijun; the prices are under the Cloud and negative area, but there is a strong support on 1.0650/60.