On the daily chart of EUR/GBP, after a plenty of attempts, bulls have managed to pull the pair out of the upper boundary of the 0.87-0.89 consolidation.
EUR/USD: a Shark will eat the dollar
BUY 1.1990 SL 1.1935 TP1 1.2090 TP2 1.2190 TP3 1.2290
On the daily chart, EUR/USD reached the targets of the senior and junior “Broadening wedge” patterns. At the same time, the pair triggered the “Shark” and AB=CD patterns with targets at 88.6% and 200%. They form the convergence area at 1.18-1.1825. The necessary condition for the continuation of the fall is the decline below 1.2080-1.2095 и 1.1965-1.1990.
On H1, if EUR/USD reaches 78.6% and 88.6% of the “Shark”, this will increase the risks of a pullback to 23.6%, 38.2% and 50% of the wave CD as the “Shark” is transforming into 5-0.
On the daily chart of EUR/USD, the downward triangle is forming.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal.
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…