On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
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%.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...