USD/JPY: the yen breaks the trend

USD/JPY: the yen breaks the trend


SELL 112.6 SL 113.15 TP1 111.6 TP2 110.6 TP3 109.25

On the daily chart of USD/JPY, bears try to move the pair out of the triangle and lower border of the upward channel. If they manage to succeed, the implementation of the "Three Indians" and 1-2-3 patterns' combination will happen. It will help bears to count on the break of the bullish middle-term trend and to continue pulling the pair towards the 88.6% target of the "Shark" pattern. 


On H1, if the pair breaks the support at 112.6, it will increase the risks of the fall further towards the 127.2% and 161.8% targets of the AB=CD and "Crab" patterns.



NZD/USD: bulls stabilize the trend

On the daily chart of NZD/USD, bears managed to take control over the situation and pull the pair towards the lower border of the upward channel due to the "Three Indians" pattern.


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...


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