On the daily chart of AUD/USD, bulls still hope to implement the “Wolfe waves” pattern.
EUR/USD: euro reached main resistance
Technical levels: support – 1.1370; resistance – 1.1470.
- Sell — 1.1420; SL — 1.1440; TP1 — 1.1370; TP2 – 1.1300.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market testing the strong resistance of 2016.
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…