XAU/USD: let’s buy gold
On the daily chart of XAU/USD, the pair left the downward channel and reached targets of the “Spike and ledge” pattern.
GBP/USD: Bear’s market is coming
Technical levels: support – 1.3060; resistance – 1.3140.
Trade recommendations:
- Sell — 1.3100; SL — 1.3120; TP1 — 1.3060; TP2 — 1.3010.
Reason: bearish Ichimoku Cloud but horizontal Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices exited into negative area and ready to continue daily downtrend.
Tatyana Norkina
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USD/JPY: the Dollar fell into negative zone
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen.
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