GBP/USD turned down from the levels around 1.3015 this week and fell below the 100- and 200-day MAs in the 1.2960 area.
AUD/USD: aussie supported by Kijun-sen
Technical levels: support – 0.7830; resistance – 0.7915, 0.7955
- Buy — 0.7830; SL — 0.7810; TP1 — 0.7915; TP2 — 0.7955.
Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen, but rising Kijun-sen; the prices are on the strong support of Kijun-sen and the market is left the local overbought area.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…