XAU/USD reached resistance of the uptrend channel in the area of 1347.
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.
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...