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.
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%.
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 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.
Due to a Wedge Pattern and a stable resistance level at 83.000 FX_IDC:NZDJPY will fall within the next weeks to a greater FIB retrace around 38.20% (50% since the last greater movement in March 2011). A pullback could be expected in October/November.
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.