GBP/USD: GBP is weak again
On the daily chart of GBP/USD, bears managed to pull the pair to the bottom line of the triangle.
USD/JPY: yen’s in the shark’s lair
Recommendation:
BUY 112.35
SL 111.75
TP1 113 TP2 113.25
TP3 113.9
On the daily chart, USD/JPY bulls managed to lead the pair outside of the long-term downtrend channel and settle above resistance at 111.65. A successful test of resistance at 113 will return buyers the hope for going to 113% target of the senior “Shark” pattern.
On H1, there’s a great possibility of a volatile trading. After a break of the upper border of the downtrend channel and reaching 113% target of the junior “Shark” pattern, there may be a pullback and a retest of the diagonal support.
Ivan Karamazov
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