USD/JPY: the Dollar supported by Kijun-sen
Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen.
GBP/USD: pound broke free
Recommendation:
BUY 1.3390
SL 1.3335
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.
Ivan Karamazov
Similar
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Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
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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).
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