EUR/GBP broke key resistance level 0…
GBP/USD broke key support level 1.3750
- GBP/USD broke key support level 1.3750
- Next sell target - 1.3500
GBP/USD continues to fall inside the minor corrective wave (ii), which previously broke the key support level 1.3750 (which reversed the previous minor wave 2 in March). The breakout of the support level 1.3750 coincided with the breakout of the support trendline of the daily up channel from the last year and the 61.8% Fibonacci correction of the upward impulse from December. GBP/USD is expected to fall toward the next sell target at the next support level 1.3500 (former support from January).
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…