USD/CAD is forming a “Three touches” pattern. A pullback from the upper border of the downtrend channel allowed bears to return the initiative.
GBP/USD is losing ground
TP1 1.3290 TP2 1.3170
On the daily chart, GBP/USD keeps correcting to the long-term uptrend. Bulls tried to return the pair inside the previous consolidation range of 1.3455-1.3615. Failure points at their weakness. The pound formed a pin bar. If bears manage to reach targets, the risks of going to 88.6% target of the “Double top” will significantly increase.
On H1, if GBP/USD falls below May minimum at 1.3390, the decline will intensify.
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…