All the Moving Averages lines have been broken, so the price is consolidating. It seems like we've got a developing "Flag" pattern.
Daily Market Analysis
On the daily chart, EUR/JPY the break of diagonal support (lower border of the uptrend channel) was a signal for correction towards 88…
USD/JPY reached sell target 110…
AUD/JPY falling inside minor C-wave Next sell targets - 85…
WTI Oil has been bearish across the board, but in an overall picture it’s still riding a bullish structure since mid-July…
There's a bearish "High Wave", so the price is likely going to continue moving down towards the lower "Window".
The 55 Moving Average has acted as support, but there isn't any bullish pattern so far. So, we could have a new local low soon.
There's a consolidation, which is taking place near the 89 Moving Average. Also, there's a possible developing "Flag" pattern, so...
The pair is consolidating near the 55 Moving Average. It's likely that the price is going to test the nearest support in the short term.
GBP/JPY falling inside minor ABC correction (ii) Next sell target - 139…
CAD/JPY reached sell target 87…
GBP/USD has been riding a bearish sequence in the short-term, according to our H1 chart projection…