EUR/GBP reached buy target 0.9000

EUR/GBP reached buy target 0.9000

  • EUR/GBP reached buy target 0.9000

  • Next buy target - 0.9100

    EUR/GBP continues to rise after the earlier breakout of the round resistance level 0.9000 (which was set as the buy target in our earlier forecast for this currency pair). The breakout of the resistance level 0.9000 accelerated the active minor impulse waves (iii) and 3, which belong to the sharp intermediate impulse wave (3) from the middle of April. EUR/GBP is expected to rise further to the next buy target at the next strong resistance level 0.9100 (forecast price for the termination of the active impulse wave 3).



USD/JPY: dollar is corrected to Kijun-sen

Expanding  bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are returned to the support of Tenkan and Kijun and may go higher.

USD/JPY: dollar can’t breakout SSA’s resistance

Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls can’t breaking out the resistance of upper border of the Cloud and the market may return to 113.00.


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