On the daily chart, GBP/USD is forming a “Spike and reversal with acceleration”.
GBP/USD is dreaming of a correction
TP1 1.34 TP2 1.3445 TP3 1.3555
On the daily chart, GBP/USD is trying to correct with the help of a “Three Indians” pattern from the area of 88.6% of the “Double top”. The first attempt to overcome resistance at 23.6% of the last descending wave failed.
On H1, GBP/USD reached the interim target of “Wolfe waves” pattern. The pair’s currently consolidating in the 1.3220-1.3300 range. A break of its upper border will increase the odds of formation of “Crab” and “Shark” patterns.
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…