The last “Exhaustion Gap” has been closed, so we’ve got a “V-Top” pattern.
Daily Market Analysis
If any bearish pattern arrives in the coming hours, we could have a downward correction.
USD/JPY broke key resistance level 111…
CHF/CHF rising inside intermediate (C)-wave Next buy target - 114…
Wave (iii) is likely going to end soon, which means we could have wave (iv) soon.
The price as approaching the upper “Window”, but we still don’t have any reversal pattern.
There’s a strong resistance area, where we’ve got bearish patterns such a “Tweezers”, a “Shooting Star” and a “Doji”.
We’ve got a “Double Top”, which has been confirmed. At the same time, bulls are likely going to test the nearest resistance.
The price is still consolidating under a resistance at 1.0951. Also, there’s a possible “Triple Top”.
AUD/NZD reached buy target 1…
EUR/AUD reversed from strong resistance level 1…
Wave (iii) has been ended on 7/8 MM Level, so there’s time for a correction.