USD/CAD is forming a “Three touches” pattern. A pullback from the upper border of the downtrend channel allowed bears to return the initiative.
EUR/USD: euro inside weekly Cloud
Technical levels: support – 1.1510; resistance – 1.1620.
- Buy — 1.1510; SL — 1.1490; TP1 — 1.1620; TP2 — 1.1670;
Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices entered into cloudy area in a weekly timeframe.
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…