GBP/USD: bears fulfilled their mission

GBP/USD: bears fulfilled their mission

Recommendation:

SELL 1.2940 SL 1.3005 TP 1.2730

SELL 1.3005 SL 1.3060 TP1 1.2850 TP2 1.2730

SELL 1.3055 SL 1.3110 TP1 1.2925 TP2 1.285 TP3 1.2730

On the daily chart, GBP/USD reached 88.6% target of Shark pattern and reached the lower border of the uptrend channel. This increases the risks of correction towards 23.6%, 38.2% and 50% of the wave CD within the transformation of the “Shark” into 5-0.

GBP!.png

On H1, GBP/USD formed a “Widening wedge” and a “Shark”. Correction movement towards 1.2940, 1.3005 and 1.3055 may be used for selling.

GBP@.png

gbp

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EUR/USD: euro wants to surf

On H1 of EUR/USD, bulls want to trigger “Wolfe waves” pattern with a target at the line 1-4. At the same time, if the pair doesn’t leave the downtrend channel, their plans will fail.  

USD/JPY: the Bears have won

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines

jpy

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