On the daily chart of GBP/USD, bears managed to pull the pair to the bottom line of the triangle.
EUR/USD: the Bulls returned euro to positive zone
Technical levels: support – 1.2350; resistance – 1.2400, 1.2440.
- Buy — 1.2360; SL — 1.2340; TP1 — 1.2440; TP2 — 1.2470
Reason: narrowing bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market entered into the positive area breaking out the horizontal SSB’s resistance.
On the daily chart of USD/CHF, the "Shark" pattern has been transforming to 5-0.
Narrow bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...