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 chose road to the north
On the GBP/USD daily chart, bulls managed not only to push quotes beyond the 1.277-1.286 trading channel but also to retest its upper border. it means that their opponents are still weak. So, there are odds for the continuation of the rally and fulfillment of the 161.8% target in the AB = CD pattern. It is located near the 1.31 mark.
On the GBP/USD hourly chart, the chances for bears to form and implement the "Expanding wedge" pattern have significantly decreased. First, the quotes should return to the middle range of the 1.277-1.2865 trading channel and only then to test its lower border.
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…