AUD/NZD experienced an impressive rally since the end of March.
GBP/USD: pound in consolidation
Technical levels: support – 1.2810; resistance – 1.2830, 1.2900.
1. Buy — 1.2840; SL — 1.2820; TP1 — 1.2900; TP2 — 1.2980.
2. Sell — 1.2820; SL — 1.2840; TP1 — 1.2710; TP2 — 1.2630.
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices are on the support of Tenkan-sen and Kijun-sen.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…