EUR/JPY: uncertainties around the euro
On the daily chart of EUR/JPY, bulls and bears are fighting for the upper boundary of the downward channel.
USD/JPY: Dollar will test Cloud’s support
Technical levels: support – 112.30/40; resistance – 113.00, 113.30.
Trade recommendations:
- Buy — 112.60; SL — 112.40; TP1 — 113.30; TP2 — 114.00.
Reason: bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the horizontal Tenkan-sen and Kijun-sen; the prices are breaking down the Kijun’s support and going to Cloud.
Tatyana Norkina
Similar
EUR/USD: let’s sell the pair
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.
EUR/GBP: a good chance for the euro
On the daily chart of EUR/GBP, the long-term consolidation within 0.87-0.902 is continuing.
Latest news
GBP/USD: confirmed "Thorn" pattern
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: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
Deposit with your local payment systems
