Last week NZD/USD made a significant thrust to the downside.
GBP/USD: bulls can’t maintain uptrend
Technical levels: support – 1.3530; resistance – 1.3590.
- Buy — 1.3530; SL — 1.3510; TP1 — 1.3590; TP2 — 1.3630.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen; the market on the support of Tenkan-sen and Kijun-sen, but it needs correction to Cloud.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…