XAU/USD reached resistance of the uptrend channel in the area of 1347.
GBP/USD: pound is cramped in range
BUY 1.4070 SL 1.4015 TP1 1.4170 TP2 1.4225 TP2 1.4240
BUY 1.3915 SL 1.3860 TP1 1.4015 TP2 1.4100 TP3 1.4225
On the daily chart, GBP/USD «bulls managed to lead the pair outside of the downtrend channel and trigger the “Bat”. Its 88.6% target is at 1.41. After that, the rally may continue towards 88.6% target of the “Shark”.
On H1, the “Wolfe waves” pattern was activated with a target at 1.4240-1.4245. To continue the rally, bulls need to overcome resistance at 1.4070.
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…