USD/JPY: the greenback is weaker

USD/JPY: the greenback is weaker


SELL 110.95 SL 111.5 TP1 109.95 TP2 106.9 TP3 105.6,

SELL 111.45 SL 112 TP1 110.45 TP2 109.95 TP3 107.85

On the daily chart of USD/JPY, bears managed to reverse the uptrend due to the implementation of the "Three Indians" and "Spike and Ledge" patterns' combination. They have reached the 161.8% target of the "Crab" pattern and plan to implement the "Shark" pattern with the 88.6% target.


On H1, the implementation of the "Crab" pattern with the 161.8% target continues. The market is bearish, so the reversals towards the resistances at 110.95 and 111.45 may be used to open short positions. 



XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

Latest news

The outlook for the GBP

The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?

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