On the daily chart of AUD/USD, bulls still hope to implement the “Wolfe waves” pattern.
AUD/USD: bulls breaking out Cloud’s resistance
Technical levels: support – 0.7580; resistance – 0.7610, 0.7660.
- Buy — 0.7580/90; SL — 0.7560; TP1 — 0.7660; TP2 — 0.7690.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; the bulls entered to positive area passing through the Cloud’s resistance.
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…