The oil market is always highly volatile.
USD/JPY: yen is playing with Shark
On the USD/JPY daily chart, target 88.6% of the inverted Shark pattern has been achieved. The risks of the pullback towards 23.6%, 38.2% and 50% levels within the transformation of the Shark pattern into pattern 5-0 increased. Rebounds from the support can be used for the opening of long positions.
On the USD/JPY hourly chart, the Bears expect to return quotes within the borders of the downward trading channel after the realization of the Shark pattern. The Bulls have other plans. They will protect the 110.6 level trying to prevent the activation of the pattern.
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…