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: bulls are counterattacking
TP1 1.1765 TP2 1.1745 TP3 1.1665
On the daily chart, EUR/USD reached an interim target at 113% of the junior “Crab” pattern. This increases the risks of a pullback to23.6%, 38.2% and 50% of the wave AD. As long as the pair is below 1.2165, bears will remain in control. The target of 88.6% of the “Bat” is still actual.
On H1, EUR/USD is correcting to the downtrend. To continue the decline, bears need to pull the pair below 1.1845.
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…