XAU/USD reached resistance of the uptrend channel in the area of 1347.
EUR/GBP: bulls want to get out
BUY 0.8960 SL 0.8905 TP1 0.906 TP2 0.916 TP3 0.9735
BUY 0.9020 SL 0.8965 TP1 0.912 TP2 0.922 TP3 0.9735
On the daily chart, EUR/GBP tested the upper border of the 0.8700-0.9020 range. It was formed in line with the “Spike and ledge”. The failure didn’t discourage bulls. They are ready to repeat their attack in order to trigger the AB=CD pattern with a target at 161.8%.
On H1, EUR/GBP formed “Wolfe waves” pattern. A break of resistance at 0.8925 allowed to but the euro. A pullback to support at 0.8960 or an advance above resistance at 0.9020 will allow buyers to increase long positions.
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…