On the daily chart, EUR/GBP is making a long-term consolidation in the 0.87-0.9015 range within a “Spike and ledge” pattern on the basis of 1-2-3. Within it, the pair formed a medium-term consolidation range of 0.87-0.89.
EUR/USD: an inside bar stopped bears
SELL 1.1945 SL 1.2 TP1 1.1845 TP2 1.1765 TP3 1.166
BUY 1.201 SL 1.1955 TP1 1.2065 TP2 1.211 TP3 1.216
On the daily chart of EUR/USD, after the pair reached 88.6% and 161.8% targets of “Bat” and “AB=CD” patterns, odds of the pair’s rebound up increased. The inside bar was formed. It means that bears may pause their attacks.
On H1, bulls and bears are fighting for the important level of 88.6% from the XA wave of the “Bat” pattern. If bulls succeed, odds of the pair’s rebound to 1.206, 1.216 and 1.2235 will increase. Vice versa, if bears are more successful, the pair will decline.
On the daily chart, EUR/USD keeps consolidating in the 1.1515-1.1815 range. Bulls keep hoping to form a “Dragon” and a “Crab”.
Irregular bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
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…