GBP/USD: pound in correction to Kijun

GBP/USD: pound in correction to Kijun

Technical levels: support – 1.3380; resistance – 1.3500.

Trade recommendations:

  1. Buy — 1.3380; SL — 1.3360; TP1 — 1.3470; TP2 — 1.3500.

Reason: expanding bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; the market is in correction phase and may testing Kijun’s support.




EUR/USD: possible ending diagonal

We're likely going to have wave [iii] inside this pattern. So, we should keep an eye on +2/8 MM Level as the next bullish target...


EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

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