The market is testing a previous neckline. There is a pull-back opportunity and we think the market could go lower due to bad sentiment in short term.
We think market could go up after breakout of H&S pattern. Only in this way, so we need to wait for this. Possible trade with very good RRR.
This looks like a head and shoulders pattern and we will try to short the cross, if it moves below the neckline.
We think the market could bounce from the support trendline, but have also a conservative target. This is aggressive set-up without confirmation.
We think GBP/JPY could reach our target after breakout. Wait for pull-back to test the previous support levels (143.505). Trade with good RRR.
Should the Nasdaq 100 index break from the recent consolidation phase, we think new all-time highs will follow quickly. Thus, we are maintaining a bullish outlook.