On the daily chart, GBP/USD is forming a “Spike and reversal with acceleration”.
AUD/USD is breaking wedges
SELL 0.7320 SL 0.7375 TP1 0.7265 TP2 0.722 TP3 0.7120
BUY 0.7470 SL 0.7415 TP1 0.7540 TP2 0.7640 TP3 0.776
On the daily chart of AUD/USD, the attempt of bulls to trigger a “Bat” pattern and lead the pair out of the downtrend channel failed. Bulls seized the initiative and will try to take a cue from the triangle and trigger the AB=CD pattern.
On H1 of AUD/USD, bears want to finish formation of a violet “Broadening wedge” pattern and resume the downtrend. Bulls, on the other hand, are still hoping to form the red “Broadening wedge”.
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…