EUR/USD: consolidation under Moving Averages
The price is going to achieve the nearest resistance at 1.1413 soon. A pullback from this level could turn out...
USD/JPY: yen wants to come back
On the daily chart, USD/JPY bulls are trying to return the pair inside the triangle. If they manage to do it, successful test of resistance at 110.52 will strengthen the risks of correction towards the upper border of the downtrend channel. On the other hand, if bulls fail, bears will be able to keep pulling the pair down to 108 and then 104 (161.8% target of AB=CD).
On H1, the pair left the descending trend channel and is now testing resistance at 109.62. A successful test will strengthen the odds of 88.6% target of “Shark” pattern.
Ivan Karamazov
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The market is going to reach the closest resistance at 1.1429. A pullback from this level could be a starting point for a decline...
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EUR/USD: local 'V-Top' pattern
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GBP/USD: pound entered into channel Tenkan-Kijun
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C)
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…
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