Pair With Yen Are Slowly Terminating the Correction
Indices are experiencing a small bearish correction close to the all-time or in some cases – long-term highs.
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EURUSD is coming back to the major, long-term downtrend after the price bounced off the 38,2% Fibonacci.
USDJPY is balancing on a mid-term horizontal support. Sentiment is of course still positive.
NZDUSD for the past few days has been moving sideways, big signal probably coming soon!
CADJPY is inside of a flag pattern waiting for another ride north.
Pretty much the same is happening on the GBPJPY.
Now let’s move on to metals:
Silver is in the process of creating the right shoulder of the iH&S formation, which can start a proper bullish trend here.
Gold is still locked between crucial Fibonacci lines. We need to see a breakout first before we are going to see any major swings.
Platinum creates another trend continuation pattern, which, with a false breakout to the upside, can give us a proper sell signal.
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