USD/JPY: "HAMMER" AND "BELT HOLD"
12:32 24.08.2017



There's a developing consolidation. The 34 & 55 Moving Averages are acting as resistance. In this case, the market is likely going to test the upper "Window" once again. If a pullback from this level happens afterwards, bears will probably try to reach the lower "Window".



We've got bullish patterns such a "Hammer" and a "Belt Hold" at the local low, which both have been confirmed by the last "Three Methods". So, bulls are likely going to push the price even higher during the day.

More:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_%22hammer%22_and_%22belt_hold%22_3227]https://fbs.com/analytics/articles/usd_jpy%3a_%22hammer%22_and_%22belt_hold%22_3227[/URL]

EUR/USD: 34 MA GOING TO ACT AS SUPPORT
13:02 24.08.2017



There's a "Shooting Star", but confirmation of this pattern is quite weak. So, the 34 Moving Average is likely going to act as support. If a pullback from this line happens, there'll be an opportunity to have another upward price movement towards the nearest resistance, which could be a departure point for another decline.



We've got a "Tweezers" and a "High Wave", which both have been confirmed by the two "Three Methods" patterns in a row. Therefore, the market is likely going to test the nearest support, where we could have a bullish pattern. If so, the last high will be probably tested once again.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_34_ma_going_to_act_as_support_3228]https://fbs.com/analytics/articles/eur_usd%3a_34_ma_going_to_act_as_support_3228[/URL]

EUR/USD: BULLISH "PENNANT"
10:19 25.08.2017



The price is consolidating near support at 1.1801. Also, there's a "Pennant", so the market is likely going to move up towards the nearest resistance at 1.1846. In this case, we could have a new local high pretty soon. However, bears will probably try to achieve the closest support at 1.1757 afterwards.



There's a consolidation, which is taking place near the 34 Moving Average. At the same time, we've got a bullish "Pennant". Therefore, we should keep an eye on the next resistance at 1.1838 - 1.1846 as an intraday target. If a pullback from this area happens, there'll be an opportunity to have a decline towards the nearest support at 1.1789 - 1.1783.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22pennant%22_3247]https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22pennant%22_3247[/URL]

GBP/USD: PRICE GOING TO TEST LAST LOW AGAIN
10:22 25.08.2017



Bears faced support at 1.2768, so the price is consolidating. It seems like the market is going to test the last low once again. If any bullish pattern arrives little later on, we should keep in mind the closest resistance at 1.2831 - 1.2853 as an intraday target.



The price is consolidating between the levels 1.2768 - 1.2831. The main bearish target is the next support at 1.2768. If a pullback from this level happens, bulls will probably try to reach the nearest resistance area at 1.2811 - 1.2831.

More:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_price_going_to_test_last_low_again_3248]https://fbs.com/analytics/articles/gbp_usd%3a_price_going_to_test_last_low_again_3248[/URL]

EUR/USD: WILL THE EURO FALL?
10:22 25.08.2017

Recommendation:

BUY 1.1845 SL 1.179
TP1 1.1945 TP2 1.2
SELL 1.1735
SL 1.179
TP 1.1625 TP2 1.155

On the daily chart, EUR/USD keeps forming “Spike and ledge” pattern on the basis of 1-2-3. The break of resistance at 1.1845 will increase the odds of the uptrend’s resumption. On the other hand, successful test of support at 1.1655 will open the way for a correction towards the lower border of the uptrend channel.



On H1 EUR/USD keeps consolidating within the “Widening wedge”. Return of the pair towards 38.2% and 23.6% of the wave 4-5 creates a condition for correction.



More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_will_the_euro_fall__3249]https://fbs.com/analytics/articles/eur_usd%3a_will_the_euro_fall__3249[/URL]

EUR/JPY: BULLS ENTER THE CROSSROADS
10:30 25.08.2017

recommendation: BUY 129.75 SL 129.2 TP1 130.95 TP2 131.8

On the daily chart, EUR/JPY bulls prepare an attack on the horizontal resistance aiming to return the pair inside the previous medium-term rising channel. If they succeed, risks of the bullish trend resumption will significantly rise.



On H1, the unsuccessful attempt of bears to make a “Head and Shoulders” pattern points at sellers’ weakness. A break of diagonal resistance will allow the bulls aim for 88.6% and 113% targets of the “Shark” pattern.



More:
[URL=https://fbs.com/analytics/articles/eur_jpy%3a_bulls_enter_the_crossroads_3251]https://fbs.com/analytics/articles/eur_jpy%3a_bulls_enter_the_crossroads_3251[/URL]

EUR/USD: PRICE STILL CONSOLIDATING
11:19 25.08.2017



The price is still consolidating. It seems like wave [iv] is taking the form of a zigzag, so we could have a bearish impulse in wave (c) of [iv] soon. If a pullback from 7/8 MM Level happens, there'll be an opportunity to have another bullish impulse in wave [v] of 3.



There's a possible double zigzag pattern in wave (b), so we've got a bearish impulse in wave i. Therefore, we're likely going to have wave iii of (c) soon. In this case, we should keep an eye on -1/8 MM Level as an intraday target.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_price_still_consolidating_3253]https://fbs.com/analytics/articles/eur_usd%3a_price_still_consolidating_3253[/URL]

USD/JPY: 34 MA ACTED AS RESISTANCE ONCE AGAIN
12:06 25.08.2017



The 34 Moving Average has acted as resistance once again, so there's a bearish "Harami", but this pattern hasn't been confirmed yet. Therefore, the lower "Window" is likely going to act as support, which means we could have a new local high pretty soon.



The last bearish "Harami" hasn't been confirmed enough, so it seems like we could have just a local decline. In this case, we should keep an eye on the upper "Window" as an intraday bullish target.

More:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_34_ma_acted_as_resistance_once_again_32 54]https://fbs.com/analytics/articles/usd_jpy%3a_34_ma_acted_as_resistance_once_again_32 54[/URL]

EUR/USD: BULLISH "ENGULFING"
12:10 25.08.2017



The 55 Moving Average has acted as support, so we've got a bullish "Harami" on this line. However, there's also a "Shooting Star" pattern, so the market is likely going to test the nearest support. If a pullback from the 89 MA happens afterwards, there'll be an opportunity to have another upward price movement.



There's support by the 89 Moving Average. Also, we've got a developing bullish "Engulfing". If this pattern confirms, the pair is likely going to test the nearest resistance level, which could be a departure point for a decline.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22engulfing%22_3255]https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22engulfing%22_3255[/URL]

EUR/USD: EURO MAY GO HIGHER
12:41 25.08.2017

Technical levels: support – 1.1780; resistance – 1.1870.

Trade recommendations:

Buy — 1.1800; SL — 1.1780; TP1 — 1.1870; TP2 – 1.1920.
Reason: narrow bullish Ichimoku Cloud with rising Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen and rising Tenkan-sen and Kijun-sen; the prices are supported by Tenkan-sen and Kijun-sen; the bulls are ready to continue uptrend.



More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_euro_may_go_higher_3256]https://fbs.com/analytics/articles/eur_usd%3a_euro_may_go_higher_3256[/URL]