AUD/USD: bulls cant breaking out SSB’s resistance

AUD/USD: bulls cant breaking out SSB’s resistance

Technical levels: support – 0.7370, 0.7400/10; resistance – 0.7450.

Trade recommendations:

  1. Sell — 0.7400; SL — 0.7420; TP1 — 0.7340; TP2 — 0.7310.

Reason: narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.




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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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