Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
EUR/GBP: 'Pennant' led to bullish rally
Information is not investment advice
The market has been rising since the last 'Pennant' pattern formed. Considering the last 'Thorn' pattern, the pair is likely going to test the nearest resistance at 0.8860 - 0.8885. The subsequent pullback from this area could be a starting point for a downward correction, so we should keep an eye on the closest support at 0.8838 - 0.8811 as an intraday target.
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now testing the upper level of the cloud…
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is now trading within the cloud…
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