On the daily chart of AUD/USD, bulls still hope to implement the “Wolfe waves” pattern.
GBP/USD: falling into cloudy area
Technical levels: support – 1.3990; resistance – 1.4090.
- Buy — 1.3990; SL — 1.3970; TP1 — 1.4155; TP2 — 1.4225.
Reason: bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a correctional dead cross of Tenkan-sen and Kijun-sen; the prices entered inside a Cloud and can test the support of Senkou Span B.
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…