Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen.
GBP/USD: pound broke free
TP1 1.349 TP2 1.352 TP3 1.3585
On the daily chart, GBP/USD bulls managed to settle above the upper border of the 1.3045-1.3320 consolidation range within “Spike and ledge” pattern. If the pair renews November high, the odds of the rally’s continuation will increase.
On H1, after GBP/USD reached targets of “Three Indians”, 1-2-3 and “Shark”, there’s a transformation of the latter to 5-0. The pound’s advance above 78.6% and 88.6% of the wave CD means that bulls are in control of the situation.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
On the daily chart of USD/CAD, bulls almost returned the pair to the 1.3275-1.3315 convergence (targets of "Shark" and "Wolfe waves" patterns).
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...