On the daily chart of EUR/GBP, after a plenty of attempts, bulls have managed to pull the pair out of the upper boundary of the 0.87-0.89 consolidation.
GBP/USD: pound cannot get home
On the GBP/USD daily chart, there is a unique situation. Bears cannot return the quotes within the borders of the downwards trading channel. Bulls have no strength to return the pound to the upward trading channel. If target 88.6% of the Shark pattern is fulfilled and the 1-2-3 pattern is formed, there will be a rollback.
On the GBP/USD hourly chart, target 113% of the Shark pattern is fulfilled. If bears manage to test the support at 1.2893, there will be a transformation of the Shark pattern into the pattern 5-0.
On the daily chart of EUR/USD, the downward triangle is forming.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal.
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…