FX:GBPNZD UK reopens widely on Monday the 12th of April which could strengthen the GBP further. A strong candle since March 22 will lead in a higher surge the next days. Price target may be the fib 50% since Dec 2018 which should be around 1.99 to 2.00.
This time FOREXCOM:JPXJPY will fallback. As you can see a SHS formation has formed. JPY pairs are strong today.
Pattern is almost fullfilled. Be ready for your Shorts
At FX:AUDCAD is a good possibility to short. A nice harmonic pattern reached point C und is beginning to fall.
The short call is still valid. FX:USDJPY has now an Island Top Pattern, Double Top and a kind of a Top Tower. Moreover you can see a huge divergence on MACD and the U.S. Dollar Index is building up a bearish wedge pattern. It's a clear go for shorts. SL shall be around 114.500+ and TP around FIB 38.20%.
I adjusted my Harmonic Bat Pattern a little bit. A new target is pointed out for D. Maybe today is the chance to go on shorts
Dangerous for all Longers! Until now FX:USDJPY shows no clear direction. This can build an ISLAND TOP. If the market does not rise efficiently there will be a greater pullback. Another candle pattern could be an abandoned baby which also leads to a strong bearish behavior.
FX:USDJPY after a runaway gap there is the possibility of an uptrend. If the gap will be closed an exhaustion gap will be seen with a strong bearish signal. Additionally there are good support lines for a long position. SL should be around the 100% FIB.
FX:EURUSD will stay bearish until a critical line is reached (around Point D) then a bounce is pretty possible. If so a bullish harmonic Butterfly Pattern is seen.
FX:EURUSD is getting weaker and weaker. Since the last try of an upward trend the bulls kept fleeing from the resistance area. The outlook seems to be on the shortside. 4h EMA 200 and the resistance area is overlapping more and more which gives more and more pressure on the pair.
FX:USDJPY will fallback to an earlier market level. There is a greater resistance area and a huge divergence is indicating this bigger retreat.
EURUSD will enter the resistance area shortly and retreat at the 1.19275 level. The retreat will start next week.
A clear Harmonic Shark Pattern is formed by tha last 4h candle peak. New target should be at FIB 61.8% of CD. After that a reversal is possible.
I send you a little Update to my chart. The 1st resistance area is still holding. But will it be broken soon?
I used SMA instead of EMA 200. I adjusted my chart with a new resistance zone for FX:EURUSD . Because of a strong day candle and influencing news from the US there could be a EU outbreak to a right SHS formation.