EUR/CAD has approached the support line from the end of October.
GBP/USD: pound in consolidation inside Tenkan-Kijun
Technical levels: support – 1.4130; resistance – 1.4210.
- Buy — 1.4140; SL — 1.4120; TP1 — 1.4210; TP2 — 1.4270.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; a market returned into channel Tenakn-Kijun and may bounced from Kijun-sen to the positive area.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...