Bitcoin goes lower again. Not that it wasn't expected, we repeat that for the past few months! The current dropped is caused by the breakout of the lower line of the pennant. Current target stays the same – 2900 USD. Chances that we will get there are huge!
USDJPY tried the bearish movement yesterday and at the beginning it was looking promising. The momentum was high and allowed the price to break the lower line of the symmetric triangle. Unfortunately area below is packed with other supports like for example the long-term up trendline. USDJPY bounced from this support and created a V shape reversal. That gives us a nice buying opportunity.
On the other hand, we do have a sell signal on the USD/CHF. The price bounced from the upper line of the sideways trend and went lower. We even managed to break the lower line of this pattern, well at least for some time. Currently the price came back but here it does not look like a reversal but a normal correction. The sell signal is still on the table.