GBP/USD: pound goes south

GBP/USD: pound goes south


SELL 1.4080 SL 1.4135 TP1 1.3980 TP2 1.3845 TP3 1.3690

SELL 1.3935 SL 1.3990 TP1 1.3845 TP2 1.3690 TP3 1.3555

On the daily chart of GBP/USD, the inability of bulls to settle above an important level of 1.4050 points at their weakness. A successful test of the lower border of the short-term uptrend channel will increase the risks of the pair going to 88.6% target of the “Bat”. 


On H1, GBP/USD has reached the target of the “Wolfe waves” pattern. A break of support at 1.3935 or the recoil down from the upper border of the descending channel will open the way down for bears.




EUR/USD: euro wants to surf

On H1 of EUR/USD, bulls want to trigger “Wolfe waves” pattern with a target at the line 1-4. At the same time, if the pair doesn’t leave the downtrend channel, their plans will fail.  

USD/JPY: the Bears have won

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines



Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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