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 took a break
On the EUR/USD daily chart, there is a consolidation in the range of 1.0705-1.0785. A breakout of its upper border will increase the risks of continuation of the rally towards 1.086, and then, towards 1.104 (target 161,8% in the AB = CD pattern ). In contrast, a successful test of the support at 1.0705 can lead to the development of the correction towards 1.0635 and 1.06 levels.
On the EUR/USD hourly chart, the Dragon pattern was successfully implemented. At the present moment, there is a formation of the triangle. A successful test of its upper border and resistance at 1.0775 will open the way for the bulls to the north. "Bears" expect a drop of the quotes below the support at 1.072.
BUY 1,0775 SL 1,072 TP1 1,086 TP2 1,104,
SELL 1,0705 SL 1,076 TP 1,06.
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…