EUR/GBP can’t leave the consolidation range of 0.87-0.9020. It was formed in line with the “Spike and ledge” pattern.
AUD/USD: no one wants to give up
SELL 0.758 SL 0.7635 TP1 0.75 TP2 0.7455 TP3 0.736
BUY 0.768 SL 0.7625 TP1 0.776 TP2 0.7855 TP3 0.79
On the daily chart of AUD/USD, bulls failed to return the pair to the long-term upward channel. Bears took control, however, an implementation of the Pin Bar shows that buyers of the aussie don’t give up.
On H1, the “Shark” pattern with 88.6% and 113% targets was activated. To reach these targets, the pair needs to break the diagonal support. To continue the rally, the pair needs to break the June high.
On the daily chart, bears are in control. They are still hoping to push the pair to 200% target of AB=CD.
Bearish Ichimoku Cloud with falling Senkou Span B; a cancelled golden cross of Tenkan-sen and Kijun-sen.
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…