The pair still has the bearish correction to complete, before we see the bullish upside.
I think Usdjpy is ready for bullish scenario correctively .
This is ready for upside wave towards 1850 area with the trendline,
We are likely to see this pattern unfold on this pair . taken from the EURAUD Bullish .
ETH is creeping sideways and has broken out of the main trend line with intention to touch 1815 area before we see the last bearish towards the past low.
I am looking at the possible buy entry at the 160.250 area with take profit target at 170.300 level.
POUND /Dollar had a good bullish run since January and we are looking at the possible Bearish correction towards 1.3000 and and 1.2900 area in its cup formation pattern.
We looking at the bullish set up on this pair to fill the Neckline before the bearish move towards 2.0062
I have cut the similar pattern on EURJPY that may happen on the USDJPY.
This is the prototype chart of USDCAD in March 2020 which simulate what may happen to the price action on GBPAUD.
We are likely to see moderate moves on crypto ,while investors try to cautiously find best place to put the money.
The instrument is bullish towards the neckline and to create shoulder before we can see the downward wave.
We have a possible bullish wave forming on this pair and may be impulsive move to the upside.
The pair is heading to break the previous low before we can see another bullish correction towards the shoulder line
The pair has completed short bearish correction on its upside move towards the bullish wave towards 165.100 target price level.
Spotted, This could be big fall for USDCAD ,looking at that hanging bearish candle.
The odds don't look good for the Dollar as the trade war continues. We may see more DXY falling and with EU tariffs expected, the US Greenback may suffer more.
EURJPY Shows possible bullish wave on an 1hr chart with target price of 164.930