Last week NZD/USD made a significant thrust to the downside.
USD/JPY: bulls retreat, but don’t give up
TP1 113.70 TP2 115.20
On the daily chart, USD/JPY bears managed to lead the pair outside of the uptrend channel. Together with this, reaching 78.6% of the Gartley pattern will allow bulls to seize the initiative. For a start, buyers need to settle above an important level of 111.65 yen.
On H1, USD/JPY bulls are hoping for a “Shakeout-Fakeout” pattern. For that, they need to return the pair to the middle of the previous consolidation range of 112.05-113.65.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…