USD/TRY has moved sharply down this week falling to the support line since the end of November.
USD/JPY: yen crashes obstacles
SELL 107.40 SL 107.95 TP1 106.40 TP2 105.35 TP3 102.80
SELL 108.05 SL 108.60 TP1 107.00 TP2 106.4 TP3 105.35
On the daily chart, USD/JPY bears managed to lead the pair out of the long-term consolidation range of 107.35-115.35. As a result, it triggered AB=CD pattern with targets at 127.2% and 161.8%.
On the daily chart, bears are in total control of the pair. In such conditions, pullbacks should be used for selling. The nearest resistance levels are at 107.30-107.45, 107.90-108.05 and 108.40-108.50.
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...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...