EUR/GBP: bulls control the situation
On the daily chart of EUR/GBP, after a plenty of attempts, bulls have managed to pull the pair out of the upper boundary of the 0.87-0.89 consolidation.
AUD/USD: bulls counterattacked
Recommendations:
BUY 0.7815 SL 0.776 TP1 0.7955 TP2 0.8055
SELL 0.775 SL 0.7805 TP 0.7615
On the daily chart, the inability of bears to pull the prices below 0ю7727 pointed at their weakness. Bulls counterattacked and count on the inverted “Shark” pattern. To begin with, they need to hold above 0.7872.
On H1, AUD/USD formed a “widening wedge”. Pullbacks towards 23.6%, 38.2% and 50% of the wave 4-5 are usually used for buying. A decline below support levels at 78.6% and 88.6% may represent good selling opportunities.
Ivan Karamazov
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Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal.
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GBP/JPY broke support level 141.30
GBP/JPY broke support level 141…
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