Recommendation: BUY 0…
USD/JPY: bulls want more
BUY 110 SL 109.45 TP1 110.85 TP2 111.15 TP3 111.65
SELL 108.75 SL 109.3 TP1 107.95 TP2 107.3 TP3 106.55
On the daily chart, after USD/JPY reached 88.6% target of the “Shark”, it is transforming into 5-0. A pullback to 23.6% of the wave CD allowed opening bullish positions. If the pair rises to May highs, it will be able to continue rising to 113% of the “Shark”.
On H1, there are no doubts in a sustainable uptrend. Never the less, a break of support at 108.75 will trigger a “Bat” pattern with a target at 88.6%.
On H1 of EUR/USD, bulls want to trigger “Wolfe waves” pattern with a target at the line 1-4. At the same time, if the pair doesn’t leave the downtrend channel, their plans will fail.
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…