On the daily chart of USD/JPY, there is the rally to 200% target of the AB=CD pattern.
XAU/USD: will bulls return to the game?
TP1 1362 TP2 1385 TP3 1400
On the daily chart of XAU/USD, bulls are trying to keep the pair inside the uptrend channel and don’t lose hope for reaching 127.2% and 161.8% targets of AB=CD. On the other hand, a break below $1302 will increase the risk of correction to 88.6% of the “Bat” pattern.
On H1, the “Shark” pattern is transforming into 5-0. A successful test of resistance at 1331-1332 will allow bulls to make another step towards the uptrend’s resumption.
On the daily chart of EUR/JPY, the pair keeps going up to 127.2% and 88.6% targets of “Perfect butterfly” and “Shark” patterns.
Expanding bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen.
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…