On the daily chart of EUR/GBP, after a plenty of attempts, bulls have managed to pull the pair out of the upper boundary of the 0.87-0.89 consolidation.
AUD/USD: aussie needs Cloud’s support
Technical levels: support – 0.7850; resistance – 0.7910, 0.7940
- Buy — 0.7850; SL — 0.7830; TP1 — 0.7910; TP2 — 0.7940.
- Sell — 0.7830; SL — 0.7850; TP1 — 0.7780; TP2 — 0.7740.
Reason: expanding bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices in a correction to the Cloud and the market needs Cloud’s support.
On the daily chart of EUR/USD, the downward triangle is forming.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal.
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…