USD/CAD: sellers lost the initiative
On the daily chart, bears tried to form “Three Indians”, 1-2-3 and “Bat” with 88.6% target but failed to bring USD/CAD to an important support at 1.2925.
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.
Anastasia Mileshkina
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