On the daily chart of AUD/USD, bulls still hope to implement the “Wolfe waves” pattern.
AUD/USD: aussie corrected to Kijun-sen
Technical levels: support – 0.7530, 0.7490; resistance – 0.7580
- Sell — 0.7570/80; SL — 0.7600; TP1 — 0.7530; TP2 — 0.7490.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market has made a new local lows and went to correction.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…