On the daily chart of AUD/USD, bulls still hope to implement the “Wolfe waves” pattern.
AUD/USD: aussie testing SSB’s support
Technical levels: support – 0.7600/20, 0.7570; resistance – 0.7670, 0.7700.
1. Buy — 0.7620; SL — 0.7600; TP1 — 0.7670; TP2 — 0.7700.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of falling Tenkan-sen and Kijun-sen; the prices are entered into the Cloud and testing the support of Senkou Span B.
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…