On the daily chart of AUD/USD, bulls still hope to implement the “Wolfe waves” pattern.
AUD/USD: bears have won
Technical levels: support – 0.7370, 0.7340; resistance – 0.7440.
- Sell — 0.7410; SL — 0.7420; TP1 — 0.7370; TP2 — 0.7340.
Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices are under the Cloud and formed the new lows.
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…