Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
EUR/USD: euro supported by SSB
Technical levels: support – 1.2230; resistance – 1.2350, 1.2400.
- Buy — 1.2260; SL — 1.2240; TP1 — 1.2340; TP2 — 1.2400
Reason: narrow bullish Ichimoku Cloud, but raising Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are supported by Senkou Span B and may bounce to Kijun-sen.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen
On the daily chart of USD/JPY, after the pair reached 113% target of the “Shark” there was a natural pullback.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
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