USDJPY, after breaking major resistances, is having a very technical upswing. The price created a pennant and a wedge, the strong buy signal is ON.
EURUSD is waiting for a breakout of the mid-term support, which can give us a 100 pips drop. Watch out for the long-term head and shoulders pattern, that can be huge!
EURAUD created a false breakout pattern. The price broke the 50% Fibo but came back above. That is a good buying opportunity.
This article is written by Tomasz Wisniewski, a senior analyst at Alpari Research & Analysis