Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
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.
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines.
On the daily chart of EUR/GBP, bears couldn't break the support at 0.87 ( the bottom line of the longterm consolidation within the "Spike and ledge" pattern)
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...