USD/CAD is forming a “Three touches” pattern. A pullback from the upper border of the downtrend channel allowed bears to return the initiative.
GBP/USD: bulls are counting on the Indians
TP1 1.3360 TP2 1.3395 TP3 1.3455
On the daily chart, GBP/USD is showing a sustainable uptrend within the correction to the long-term bullish trend. The closeness of 88.6% target of the “Double top” is increasing the odds of a pullback.
On H1 of GBP/USD, a combination of “Three Indians” and 1-2-3 creates grounds for reversal of the downtrend. A break of resistance at 1.3295 will be a signal for bulls to attack and trigger the “Ideal butterfly” pattern with a target at 127.2%.
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…