On the daily chart of EUR/USD, there is a transformation of the "Shark" pattern into 5-0.
USD/JPY: the Dollar keep staying under Cloud
Technical levels: support – 110.50; resistance – 111.20, 111.60.
- Buy — 111.00; SL — 110.80; TP1 — 111.60; TP2 — 112.60.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market is under the pressure of the Cloud, but there is strong support on 110.50.
On the daily chart of EUR/GBP, after implementation of the "Wolfe Waves" and "Shark" (88.6%) patterns, there is a correction as a part of the "Shark" pattern's transformation into 5-0.
Gold is correcting down after its previous advance. The metal is now trading below October high at 1243.35.
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...