On the daily chart, GBP/USD keeps correcting to the long-term uptrend. Bulls tried to return the pair inside the previous consolidation range of 1.3455-1.3615.
AUD/USD: aussie keep staying inside Cloud
Technical levels: support – 0.7880; resistance – 0.7980
- Sell — 0.7900; SL — 0.7920; TP1 — 0.7820; TP2 — 0.7770.
- Buy — 0.7920; SL — 0.7900; TP1 — 0.7980; TP2 — 0.8020.
Reason: narrow bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the narrowing channel Tenkan-Kijun; the prices keeps staying inside a Cloud and the channel Tenkan-Kijun.
USD/CHF is correcting to the long-term bullish trend. To break the trend, the pair has to get out of the uptrend channel and form a “Spike and reversal with acceleration”.
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a new cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market tested Kijuns’s resistance and returned to Monday’s lows.
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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