Daily Market Analysis

The price is consolidating under 4/8 MM Level, which could be a departure point for wave [c]. The main target is 1/8 MM Level.

There's a possible "Three Methods" pattern, so the current local correction is likely going to end soon.

The 34 & 55 MAs acted as support, so the price is moving up. There's no any reversal pattern, cause all the last candles are bullish.

The Moving Averages have acted as support, so the price is rising, but bulls faced with resistance at 1.3032 - 1.3047.

There's a consolidation, which is taking place above the MAs. It's likely that the market is going to test the closest support...

Bullish Ichimoku Cloud, horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls are tested the strong resistance on 0.8000, but can’t break it out.

Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls are breaking out the Cloud’s resistance and may go higher.

Recommendation: SELL 1…

Recommendation: BUY 0…

EUR/JPY reversed from combined resistance area Next sell target - 128…

GBP/USD broke round resistance level 1…

EUR/JPY has been immersed in a corrective move since August 30th, looking forward to test a demand zone between the 50% and 61…