Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
GBP/USD got confused in wedges
BUY 1.3295 SL 1.324 TP 1.3415 TP2 1.352
SELL 1.3045 SL 1.31 TP1 1.289 TP2 1.2715
On the daily chart, GBP/USD keeps consolidating in 1.3045-1.3320 range. A successful test of its lower border will open bears way down to 200% target of AB=CD. On the other hand, a rise above 1.3320 will increase the risks of uptrend’s resumption.
On H1, there’s the senior widening wedge pattern. Taking into account increased volatility in November and formation of the junior pattern, play it on the breaks of resistance at 1.3295 and support at 1.3045.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen
On the daily chart of USD/JPY, after the pair reached 113% target of the “Shark” there was a natural pullback.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
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