Daily Market Analysis

The pair is likely going to reach the nearest resistance area, which could be a departure point for another decline...

The price is likely going to test the 21 Moving Average, which could be a departure point for another decline...

Recommendations: BUY 107…

Recommendations: BUY 131…

Bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal and narrowing channel Tenkan-Kijun; the bears are breakdown the support of Senkou Span A, Tenkan-sen and Kijun-sen and the market may continue existing downtrend.

Bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with the falling lines; the market made a new lows of the year, but  there is a strong support on 0.7690.

It's likely to have a bullish correction in the short term. However, if we see a pullback from the nearest resistance...

We should keep an eye on the next support at 1.2129 - 1.2050 as an intraday target. If a pullback from this area happens little later on...

GBP/JPY broke key support level 147…

AUD/JPY reversed from resistance zone Next sell target - 82…

USD/JPY continues to trade in a bullish recovery since February 16th lows and it seems we could expect further gains across the board, as the price action remains above the 200 SMA at H1 chart…

We've got an "Inverted Hammer" pattern. In this case, we're likely going to have a local upward correction soon...