Pullbacks towards 23.6%, 38.2%, and 50% of the wave 4-5 can be used for selling with 161.8% target of AB=CD.
USD/JPY: bulls will fight till the end
TP1 115.30 TP3 116.25
On the daily chart, after reaching 88.6% target of an inverted “Shark” pattern and a pullback USD/JPY resumed the short-term uptrend. A break of resistance at 114.35 will open the way to 113% target and 78.6% level of the descending long-term wave.
On H1, USD/JPY keeps forming a “Widening wedge”. A break of resistance at 114.30 will be a signal for buying. On the other hand, return of the pair to support at 113.30 will allow to think about selling.
On the daily chart, XAU/USD keeps consolidating in the 1188-1213 range.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but the lines are horizontal.
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...