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: The Bulls continue battle
Technical levels: support – 0.7400; resistance – 0.7420/40
- Sell — 0.7390; SL — 0.7410; TP1 — 0.7330; TP2 — 0.7310.
Reason: narrow bullish Ichimoku Cloud with falling Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen, horizontal lines; the prices are under the Cloud’s resistance.
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…