XAU/USD reached resistance of the uptrend channel in the area of 1347.
GBP/USD: pound is counterattacking
Recommendation: BUY 1.3255 SL 1.32 TP1 1.3355 TP2 1.3455 TP3 1.3615
On the daily chart of GBP/USD, bulls are trying to resume the uptrend with the help of the corrective “Three Indians” pattern. To begin with, they need to settle above the upper border of the downtrend channel and push the pair above resistance at 1.3255.
On H1, GBP/USD is forming “Wolfe waves” and “Crab” patterns. A break of resistance at 1.3250-1.3255 will increase the odds of a “Shark” pattern with a target of 88.6%. It allows distinguishing the 1.3430-1.3440 convergence area.
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…