A possible Shark pattern on GBP/CAD but not confirmed yet, maybe a false breakout and an incomplete reversal candlestick pattern suggest that the cross maybe could go up again. The rsi is on overbought but there isn't bearish divergence yet.
See next week.
A lot of patterns on GBP/JPY, we are near a completion on a bearish Cypher pattern and on the blue area I'm waiting for a possible inversion of the bullish trend. The target is on the 0.5 of Fibo rentracements, at the price of 150.10
The graph tells everything, we are near the target of the first wolf pattern, started on 2009, and also we are near a the target for inversion of a second wolf pattern, started recently. In the middle of the two wolf pattern we see a shark pattern that at its end was originated the second wolf pattern.
Hypothetically the target for inversion is set near 137.00.
A possible short scenario on EUR/JPY is possible if the BOJ will slaken the QE program, also 22th July will be elections in Japan and this fact could be cause of big volatility.
Into the graph I see an hanging man in proximity of the 0.5 of Fibo rentracements, this could be a possible signal of change of trend but it needs confirmation.
At the moment I'm writing...