On the daily chart, GBP/USD is forming a “Spike and reversal with acceleration”.
USD/JPY: the yen liked the “Shark”
TP1 111.35 TP2 111
On the daily chart of USD/JPY, there is the rally to 200% target of the AB=CD pattern. To continue the upward movement, bulls need to break the resistance at 113.3 (61.8% from the last long-term downward wave).
On H1, there is the “Spike and reversal with acceleration” pattern. After bears broke the trendline of the acceleration stage, they aim to break the support at 112.2. If they succeed, they will be able to implement the «Shark” pattern with 88.6% target.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…