EUR/USD met resistance in the 1.1415 area. The pair’s advance in the recent days was quite rapid, so it might be hard for the euro to retain the bullish momentum.
USD/JPY may test lower levels
SELL at 108.00; TP 107.25; SL 108.20
USD/JPY had a volatile time so far. The pair has strong support at 107.20 (support line connecting 2016 and 2018 lows). There might be buyers in this area. However, before it turns up, the pair is vulnerable for another test of this area.
The pair slid back below the Fibonacci level. Moving averages on H4 are in the negative order and 50-day MA is about to go below 100-day MA on D1. Notice that this trade looks risky as we are close to major support, so be careful and manage your risks.
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.