Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen.
EUR/USD: euro falling into Cloud
Technical levels: support – 1.1190; resistance – 1.1240.
- Buy — 1.1200; SL — 1.1180; TP1 — 1.1260; TP2 – 1.1300.
Reason: narrowing bullish Ichimoku Cloud, rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen; the prices entered into the cloudy area and may going lower to Senkou Span A.
Narrow bullish Ichimoku Cloud with falling Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen.
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen.
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…