NZD/USD: should you buy the kiwi?
On the daily chart of NZD/USD, the 0.652 level (78.6% of the long-term upward wave) will determine the further direction of the pair.
GBP/USD: pound is afraid of a “Shark”
Recommendation:
SELL 1.3340
SL 1.3395
TP1 1.3255 TP2 1.324 TP3 1.3225
On the daily chart of GBP/USD, the “Double top” is transforming into 5-0. The inability of bulls to get above resistance at 23.6% of the wave CD and return to the 1.3455-1.3615 consolidation range points at their weakness. To develop correction to the long-term uptrend, bears need to renew May low.
On H1 of GBP/USD, a decline below support at 1.3340 will increase the risks of a “Shark” pattern with a target of 88.6% near 1.3225.
Ivan Karamazov
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Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines.
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