Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
EUR/USD: back to Cloud’s support
Technical levels: support – 1.2340/50; resistance – 1.2440.
- Buy — 1.2360; SL — 1.2340; TP1 — 1.2440; TP2 — 1.2470;
- Sell — 1.2330; SL — 1.2350; TP1 — 1.2270; TP2 — 1.2240;
Reason: bullish Ichimoku Cloud with rising Senkou Span A; a new irregular dead cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the market had returned to Cloud’s support.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen
On the daily chart of USD/JPY, after the pair reached 113% target of the “Shark” there was a natural pullback.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
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