On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
USD/JPY: yen is making a choice
TP1 114.65 TP2 115.3 TP3 116.2
On the daily chart, the inability of bulls to hold the pair above important support at 112.95-113 will point at their weakness. On the other hand, successful test of resistance at 113.70 will increase the odds of advance to 113% of the senior “Shark” pattern.
On H1, USD/JPY keeps forming a 5-0 pattern. A break of resistance at 113.65 will create grounds for the continuation of the rally. A decline below the diagonal support will increase the risks of triggering “Head and Shoulders” pattern.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.
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...