The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
EUR/GBP: bulls have control
Recommendation: BUY 0.8835 SL 0.878 TP1 0.893 TP2 0.907 TP3 0.917
On the daily chart of EUR/GBP, bulls have finally managed to bring the pair out of the consolidation range between 0.87 and 0.8835. The pair reached 78.6% target of the “Gartley” pattern. The continuation of the rally will lead to the transformation of the “Gartley” into the “Crab” pattern with the target at 161.8%.
On H1, EUR/GBP left the consolidation range and triggered AB=CD with a target at 161.8%. Pullbacks and rebounds from important support levels may be used for buying.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…