USD/TRY has moved sharply down this week falling to the support line since the end of November.
GBP/USD: bears can reach new lows
Technical levels: support – 1.2960, 1.2910; resistance – 1.3040, 1.3100.
- Buy — 1.2980; SL — 1.2960; TP1 — 1.3040; TP2 — 1.3100.
- Buy — 1.2910; SL — 1.2890; TP1 — 1.3000; TP2 — 1.3040.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen; the prices on the strong support, but the Bears can breakdown it to 1.2910.
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...