USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages.
GBP/USD: market is oversold
Technical levels: support – 1.3140; resistance – 1.3215.
- Buy — 1.3140; SL — 1.3120; TP1 — 1.3215; TP2 — 1.3270.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen; a market on the main daily supports and oversold; waiting for correction.
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...