On the daily chart of XAU/USD, bears have tried to implement the “Shark” pattern
GBP/USD: market supported by Cloud again
Technical levels: support – 1.2960; resistance – 1.3070.
- Buy — 1.2980; SL — 1.2960; TP1 — 1.3070; TP2 — 1.3150.
Reason: narrow bullish Ichimoku Cloud; horizontal Senkou Span A, but rising Senkou Span B; an irregular dead cross of Tenkan-sen and Kijun-sen over the Cloud; the prices are supported by Cloud and may go higher.
On the daily chart of USD/CAD, the “Three drives” pattern keeps forming.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen.
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…