Recommendation: BUY 0…
USD/JPY: yen takes up the running
Recommendation: BUY 111,95 SL 111,4 TP 114.
On the USD/JPY daily chart, the implementation of the intermediate target in the "Shark" inverted pattern may lead to the pullback towards 23.6%, 38.2% and 50% levels of the CD wave. In this case, we will talk about the transformation of the Shark pattern into 5-0. The strongest support is located near 111.95. There is the upper border of the previous downward trading channel.
On the USD/JPY hourly chart, a successful test of the supports at 113.15 and 112.9 may lead to the correction towards 112.3 and 111.5. There are several targets on the Crab pattern.
On H1 of EUR/USD, bulls want to trigger “Wolfe waves” pattern with a target at the line 1-4. At the same time, if the pair doesn’t leave the downtrend channel, their plans will fail.
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…