As for the USD/JPY, we have an ascending channel on the weekly chart. On top of that, there is a bullish flag is about to form, as well:


The price has the broken descending channel (potential flag) on the 4-hour chart, therefore it would be wise to buy the pair on the pullback to the broken channel, which is aiming at the level of 117.50:


The EUR/GBP is going to go up, as the price has formed an engulfing next to the broken descending channel. Should the pair go up, the potential goal is currently at  0.9050:


For the Euro, we should consider selling, as it is about to the test broken ascending channel + horizontal levels. This currency could potentially move up to the level of 1.0510:


Stay tuned for more and trade with Tickmill!

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