Back on January 3rd, we blogged about a smaller time frame USDNOK head and shoulder pattern developing, and now a longer term one is taking shape.
The USDJPY bounce may have stalled at the 50% retracement as we are building as ascending wedge.
The EURGBP is about to trigger a double top pattern as we test the 88% retracement on the daily chart.
The DXY has developed an ascending wedge as we stall near the 50% retracement of the last move lower.
The AUDJPY spiked past resistance and tagged the 61.8% key Fibonacci retracement and also the channel resistance.