AUD/USD: aussie under strong resistance

AUD/USD: aussie under strong resistance

Technical levels: support – 0.7830; resistance – 0.7880

Trade recommendations:

  1. Sell — 0.7880; SL — 0.7900; TP1 — 0.7830; TP2 — 0.7780.

Reason: bullish Ichimoku Cloud with horizontal Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the narrowing channel of Tenkan-Kijun; the market is under strong main resistance of 0.7880.




GBP/USD is volatile

The pound has made 2 sharp declines in January but then was bought back and quickly rebounded.

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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