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 needs correction
Recommendation: SELL 1.169 SL 1.1745 TP 1.1530
On the daily chart, there are patterns 1-2-3 and “Spike and reversal with acceleration”. The break of a trendline will increase the risks of correction towards the lower border of the trend channel. For the uptrend to resume, buyers need to conquer resistance at 1.1845 and then renew August high.
On H1, EUR/USD is forming a “Widening wedge” pattern. Break of support at 1.1690 will strengthen the risks of recoil towards 1.1500-1.1530. However, at first bears need to pull the pair below support at 1.1625-1.1650.
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…