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: euro is returning to the game
SL 1.1805 TP1 1.1960
On the daily chart, bulls managed to lead the pair outside of the descending trend. If they manage to continue the attack and redraw November high, risks of 88.6% target of an inverted “Shark” pattern will significantly increase. It’s located near 1.2050.
On H1, EUR/USD keeps forming a “Widening wedge”. Pullback towards 23.6% of the wave 4-5 allowed to form longs. A break of resistance at 1.1860 will provide an opportunity to add to bullish positions.
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…