EUR/CHF met resistance at the 50-week MA around 1.14. The Moving Average has recently formed a “dead cross” with the 100-week MA.
USD/JPY: the USD will weaken
TP1 111.6 TP2 109.9 TP3 107.85
On the daily chart of USD/JPY, bulls managed to stick above the important level of 113.27. Bulls are strong to continue the rally and resume the uptrend. Bears hope for the return to the support at 112.6. A break of it will increase risks of the combination of 1-2-3 and «Three Indians» patterns.
On H1, if the pair returns to the support at 112.6, the "Shark" pattern with the 88.6% target will be implemented. However, until the pair is above 113.4, bulls are stronger.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…