Daily Market Analysis

The 55 Moving Average has been broken, so the price faced support at 1.1340. At the same time, there's a "V-Bottom".

Aussie has started to correct the rally from July 28th and it's now heading to test the demand zone established between 0…

USD/JPY reached buy target 112…

NZD/JPY reached buy target 82…

All the last candles are bullish, so there isn't any reversal pattern so far. The main intraday target is the upper "Window".

We've got bearish patterns such a "Tweezers" and an "Engulfing", which both have been confirmed enough.

Wave [v] of C may have been ended, so there's a developing impulse in wave [i]. The main intraday target is 4/8 MM Level.

The price is consolidating between the levels 1.3046 - 1.2976. Also, we've got two "V-Top" patterns in a row, so the pair is likely going to...

Bulls faced resistance at 1.1464, so we've got a "V-Top" pattern, which pushed the price to support at 1.1398. In this case...

CAD/JPY reached buy target 86…

GBP/JPY rising inside minor impulse wave (iii) Next buy target - 148…

Wave (v) of [v] has been ended, so the price is declining. There's a developing wave (i), which is likely going to be continued.