CAD/JPY reversed from resistance zone Next sell target - 84…
GBP/USD broke resistance area
- GBP/USD broke resistance area
- Next buy target - 1.4000
GBP/USD recently broke through the resistance area lying between the resistance levels 1.3550 (top of the previous minor impulse wave 1) and 1.3670 (which stopped the previous impulse wave (1) in September). The breakout of this resistance area accelerated the active impulse waves 3 and (iii). GBP/USD is expected to rise to the next buy target at the next resistance level 1.4000 (intersecting with the resistance trendline of the daily up channel from June).
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…