On the daily chart of AUD/USD, bulls still hope to implement the “Wolfe waves” pattern.
GBP/USD: bulls made new local highs
Technical levels: support – 1.2780; resistance – 1.2840.
- Buy — 1.2780; SL — 1.2760; TP1 — 1.2840; TP2 — 1.2870.
Reason: narrow bearish Ichimoku Cloud; rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but horizontal Tenkan-sen and Kijun-sen; the market is breaking out through the SSB’s resistance and made a new H4-highs.
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…