Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
AUD/USD: aussie in consolidation under Kijun-sen
Technical levels: support – 0.7450, 0.7490; resistance – 0.7530, 0.7580
- Sell — 0.7530; SL — 0.7550; TP1 — 0.7490; TP2 — 0.7450.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, expanding channel Tenkan-Kijun; the market made a lows and corrected to Kijun-sen.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen
On the daily chart of USD/JPY, after the pair reached 113% target of the “Shark” there was a natural pullback.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
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