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EUR/JPY Daily Analytics
07:10 07.12.2017
Recommendations:

BUY 134.00 SL 133.45 TP1 135 TP2 138

SELL 131.5 SL 132.05 TP1 129 TP2 128.2

On the daily chart, EUR/JPY there are “Shakeout-fakeout” and “Spike and ledge” patterns. Other tests of resistance at 133.95-134 or support at 131.50 will increase the risks of the pair getting to 200% and 88.6% targets of AB=CD and the “Bat”.

1512630446-8afba167b3e7c15d0d5d28d0f3c7b

On H1, there are the “Widening wedge” and “Wolfe waves”. To resume the long-term uptrend the pair needs a successful test of resistance at 134. To develop correction the euro should break below 131.50.

1512630481-144c086f9efd0dd7367f2818eb875

more:
https://fbs.com/analytics/articles/eur-jpy-euro-returned-to-the-corridor-5549

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USD/JPY Daily Analytics
07:19 07.12.2017
Recommendation:

BUY 113.00

SL 112.35

TP1 113.90 TP2 115.40

On the daily chart, USD/JPY retraced 50% of the wave CD in line with the transformation of the “Shark” into 5-0. Another test of resistance at 113 in case of success will increase the odds of the rally’s continuation towards 113% target of the senior “Shark”.

1512631090-3297c54597baddc0779dab87f7356

On H1, the junior “Shark” pattern is transforming into 5-0. To develop correction to the short-term downtrend with its following break bulls need to conquer resistance at 112.80-113 and at 113.25.

1512631129-1f50b4d918123f905c31c70a9dfda

More:
https://fbs.com/analytics/articles/usd-jpy-sharks-are-around-the-yen-5550

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GBP/JPY Daily Analytics
09:14 07.12.2017
GBP/JPY reversed from resistance zone
Next sell target - 147.50
GBP/JPY continues to fall inside the minor impulse wave (i) – which belongs to the C-wave of the intermediate ABC correction (B) from the middle of September. The active C-wave started earlier – when the pair reversed down from the resistance zone lying at the intersection of the major resistance level 152.50, upper daily Bollinger Band the resistance trendline of the daily up channel from April. GBP/JPY is expected to fall to the next sell target at the next strong support level 147.50.

GX5ddsh.png

More:
https://fbs.com/analytics/articles/gbp-jpy-reversed-from-resistance-zone-5554

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EUR/JPY Daily Analytics
09:13 07.12.2017
EUR/JPY reversed from resistance zone
Next sell target - 131.70
EUR/JPY recently reversed down from the resistance zone lying between the strong resistance level 134.50 (which reversed the previous upward waves (i) and (b), as can be seen below) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the previous minor impulse wave i. EUR/JPY is expected to fall to the next sell target at the next support level 131.70 (which has been reversing the pair from the end of September).

GX5cLZu.png

More:
https://fbs.com/analytics/articles/eur-jpy-reversed-from-resistance-zone-5553

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EUR/USD Daily Analytics
11:41 07.12.2017

1512646830-4d7c8d58e0f5582f972a2ab20e30d

Bears faced with support at 1.1772, so the price is consolidating. Nevertheless, the market is likely going to reach the next support at 1.1756 - 1.1734 in the short term. If a pullback from this area happens, there'll be an opportunity to have an upward price movement towards the next resistance at 1.1826 - 1.1859.

1512646830-a8faed94ef61f8fcb5383b21587c7

The price is consolidating between the levels 1.1772 - 1.1808. Also, there's a "Flag" pattern, so bears are likely going to test the closest support area at 1.1756 - 1.1734. Meanwhile, if a pullback from these levels happens, bulls will probably try to achieve another resistance at 1.1826 - 1.1836.


More:
https://fbs.com/analytics/articles/eur-usd-flag-pattern-5557

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GBP/USD Daily Analytics
11:44 07.12.2017

1512646830-89a3abc0533d0f9b7229e34cca338

The price is consolidating along the 34 Moving Average. Considering that there's a "Double Top" pattern, the market is likely going to test the closest support at 1.3336. If a pullback from this level happens little later on, we could have an upward price movement towards the next resistance at 1.3430 - 1.3454.

1512646829-c960202be754e01ea46ce9c84d889

There's a "Pennant" pattern, so the pair is likely going to test the nearest support at 1.3336. However, if we have a pullback from this level, there'll be an opportunity to have a bullish price movement in the direction of the closest resistance at 1.3408 - 1.3430.

More:
https://fbs.com/analytics/articles/gbp-usd-pennant-pattern-5558

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EUR/USD Daily Analytics
11:47 07.12.2017

1512647205-89877798acf1e51e8d61e32bacc9c

There's still no any reversal pattern, cause all the last candles are bearish. So, the pair is likely going to continue moving down towards the closest support area, which could be a departure point for another upward price movement.

1512647205-d08fdc06f7c02d076fa27e20e794d

We've got a bearish "Three Methods" pattern, which pushed the market lower. So, the price is likely going to continue declining until any reversal pattern forms.

More:
https://fbs.com/analytics/articles/eur-usd-all-the-last-candles-are-bearish-5559

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USD/JPY Daily Analytics
11:50 07.12.2017

1512647205-f5b12ff5ec005d4bf2a6409560226

The last "High Wave" pattern led to the current upward price movement. Meanwhile, if a pullback from the nearest resistance happens, we could have a downward correction towards the Moving Averages.

1512647205-824bd14f1f3d53d01a589cc82fdfe

There's still no any reversal pattern, so bulls are likely going to test the upper "Window" in the coming hours. If a pullback from this level happens afterwards, there'll be an opportunity to have a bearish correction

More:
https://fbs.com/analytics/articles/usd-jpy-high-wave-pattern-5560

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EUR/USD Daily Analytics
11:53 07.12.2017
Technical levels: support – 1.1760; resistance – 1.1880.

Trade recommendations:

Buy — 1.1760; SL — 1.1740; TP1 — 1.1820; TP2 – 1.1880.
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are on the strong support of Senkou Span B

1512647619-5974574d0f06c411e972e24d898d2

More:
https://fbs.com/analytics/articles/eur-usd-euro-will-test-ssb%E2%80%99s-support-5561

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GBP/USD Daily Analytics
11:55 07.12.2017
Technical levels: support – 1.3320; resistance – 1.3420.

Trade recommendations:

Buy — 1.3320; SL — 1.3340; TP1 — 1.3420; TP2 — 1.3470.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market is in correction movement to bottom border of the Cloud.

1512647619-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp-usd-pound-entered-into-cloud-5562

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EUR/USD Daily Analytics
12:05 07.12.2017

1512648255-74460bc303f3cf9d4fe88aee6fd4e

It seems like wave 5 is going to take the form of an ending diagonal pattern. So, if a pullback from 5/8 MM Level happens, there'll be an opportunity to have wave [iii]. The main intraday target is +2/8 MM Level.

1512648255-d78867cf211ec7d6058844ec9acd1

There's a pullback from 2/8 MM Level, so an ending diagonal in wave (c) might have been formed. In this case, we could have an upward impulse in wave (a) soon. Therefore, we should keep an eye on 6/8 MM Level as the next bullish target.

More:
https://fbs.com/analytics/articles/eur-usd-ending-diagonal-pattern-5563

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EUR/AUD Daily Analytics
14:09 07.12.2017
EUR/AUD reversed from support zone
Next buy target - 1.5760
EUR/AUD continues to rise inside the sharp minor impulse wave (iii) – which recently reversed up from the support area lying between the key support level 1.5500 (which stopped the previous minor correction ii), upper trendline of the recently broken daily up channel from September (acting as support after it was broken earlier) and the 38.2% Fibonacci correction of the previous impulse (i). EUR/AUD is expected to rise to the next buy target at the next resistance level 1.5760 (top of the impulse (i)).

GX793cc.png


More:
https://fbs.com/analytics/articles/eur-aud-reversed-from-support-zone-5565

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GBP/AUD Daily Analytics
14:10 07.12.2017

GBP/AUD reversed from support zone
Next buy target - 1.7900
GBP/AUD recently reversed up with the daily Hammer from the support area lying between the key support level 1.7600 (which reversed the previous impulse wave (iii) in November as can be seen below) and 38.2% Fibonacci correction of the previous minor impulse wave from October. GBP/AUD is expected to rise to the next buy target at the next resistance level 1.7900 (which reversed the previous sharp minor impulse wave (iii)).

GX79wjN.png

More:
https://fbs.com/analytics/articles/gbp-aud-reversed-from-support-zone-5566

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EUR/USD Daily Analytics
07:57 08.12.2017
Recommendation:

SELL 1.1755

SL 1.1810

TP 1.1640 TP2 1.1600 TP3 1.1550

On the daily chart, EUR/USD bears managed to lead the pair outside of the uptrend channel and conquer support at 1.1820. If the bulls’ fortress near 1.1757 fails under their attack, the odds of getting to 127.2% and 161.8% targets of the “Crab” pattern will increase.

1512719702-8afba167b3e7c15d0d5d28d0f3c7b

On H1, a break below support at 1.1758-1.1759 will created grounds for triggering the “Shark” pattern. Its 88.6% target is near 1.1600. On the other hand, the pullback from an important level will lead to consolidation in the 1.1750-1.1950 area.

1512719727-144c086f9efd0dd7367f2818eb875

More:
https://fbs.com/analytics/articles/eur-usd-euro-is-catching-a-crab-5577

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EUR/GBP Daily Analytics
08:19 08.12.2017
Recommendation:

SELL 0.8765

SL 0.882

TP1 0.8665 TP2 0.8525 TP3 0.844

On the daily, EUR/GBP bears managed to lead the pair outside of the long-term uptrend channel. As a result, the odds of the pair reaching 200% target of AB=CD increased. A successful test of support at 0.8693 is a necessary condition for the decline.

1512720946-bc1ce4ebdd72b71af2881b8edc2b5

On H1, EUR/GBP keeps forming the “Head and shoulders” pattern. The retest of resistance at 0.8765 (used to be a support) may be used for forming short positions.

1512720966-311438cdc50bb0f634d8ee27e47a0

MoreL:
https://fbs.com/analytics/articles/eur-gbp-pound-is-taking-the-initiative-5579

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AUD/USD Daily Analytics
08:23 08.12.2017
Technical levels: support – 0.7500; resistance – 0.7550

Trade recommendations:

Sell — 0.7550; SL — 0.7570; TP1 — 0.7500; TP2 — 0.7480.
Reason: bearish Ichimoku Cloud with falling Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices made a new lows, but the market is oversold and expected a correction to Tenkan-sen.

1512721411-42a68b4bfa2f0515dfbaa054e9dba

More:
https://fbs.com/analytics/articles/aud-usd-aussie-will-correct-to-tenkan-5580

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USD/JPY Daily Analytics
08:27 08.12.2017
Technical levels: support – 112.80; resistance – 113.50.

Trade recommendations:

Sell — 113.50; SL — 113.70; TP1 — 112.80; TP2 — 112.50.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, with rising lines; the prices are under strong resistance and the market is overbought.

1512721411-3dcc4d3b0e9d38341d309e86e7227

More:
https://fbs.com/analytics/articles/usd-jpy-dollar-breaking-out-ssb%E2%80%99s-resistance-5581

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EUR/USD Daily Analytics
11:46 08.12.2017

1512733505-04fdd510dd2c8c62421d038d2477b

Bears faced with support at 1.1734, but the market is likely going to continue declining. The main intraday target is the nearest support at 1.1712 - 1.1695. If a pullback from this area happens, we could have an upward price movement towards the closest resistance at 1.1776 - 1.1792.

1512733505-3e76ed3aec0f02877499123ec465e

Considering that the price found support at 1.1734, there's an opportunity to have a bullish correction. Meanwhile, if a pullback from the nearest resistance at 1.1756 happens little later on, bears are likely going to reach the next support at 1.1712 - 1.1695.

More:
https://fbs.com/analytics/articles/eur-usd-market-going-to-continue-declining-5584

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GBP/USD Daily Analytics
11:50 08.12.2017

1512733505-2282de02cdc8e046c9e85a9995394

There's a "Thorn" pattern, which has been confirmed, so the price is likely going to test the nearest resistance at 1.3549 - 1.3569. If a pullback from this area happens, we could have a decline towards the closest support at 1.3454.

1512733505-871d1b36daecf2de4b86e9533a065

The market is consolidating between the levels 1.3513 - 1.3454. If we see a pullback from the nearest resistance at 1.3513, there'll be an opportunity to have a downward price movement in the direction of another resistance at 1.3549 - 1.3569.

More:
https://fbs.com/analytics/articles/gbp-usd-thorn-pattern-5585

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v

EUR/USD Daily Analytics
12:09 08.12.2017

1512734860-d83625c426f4b2e2922638209b12b

There's still no any confirmed reversal pattern, so all the last candles are bearish. Therefore, the pair is likely going to continue declining towards the nearest support, which could be a departure point for a bullish correction.

1512734859-8ffadcf6ee04d96c4965ef928b6be

The price has been declining since a pullback from the upper "Window" formed. Considering that there's no any bullish pattern, the pair is likely going to continue declining until any reversal model arrives.

More:
https://fbs.com/analytics/articles/eur-usd-no-any-confirmed-reversal-pattern-5586

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