On the daily chart of EUR/JPY, bulls and bears are fighting for the upper boundary of the downward channel.
USD/JPY: bulls want to be free
TP1 112.75 TP2 113.75 TP3 115
On the daily chart of USD/JPY, bulls managed to conquer diagonal resistance in the form of the upper border of the downtrend channel and lead the pair in the empty area. As a result, the odds of it getting to 200% target of AB=CD increased.
On H1 of USD/JPY, a break of 111.4 accelerated the pair’s advance. Bulls are dominating, so pullbacks to dynamic support (EMA21) may be used for buying.
On the daily chart of EUR/USD, chances that the pair will reach targets of the “Head and Shoulders” pattern and the “Shark” pattern (88.6% target) are declining.
On the daily chart of EUR/GBP, the long-term consolidation within 0.87-0.902 is continuing.
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...