After its extensive decline last week, the USD can make a small comeback.
GBP/USD: pound is looking for support of SSB
Technical levels: support – 1.2360; resistance – 1.2450, 1.2500.
1. Buy — 1.2360/70; SL — 1.2340; TP1 — 1.2450; TP2 — 1.2500.
Reason: bullish Ichimoku Cloud; Tenkan-sen and Kijun-sen on the correctional movement; the prices are entered into the Cloud.
NZD/CHF is trading within a downtrend on D1. The currency pair went below 78.6% at 0.6450 and is likely to test levels around 0.6390/70.
EUR/GBP formed a candlestick with a long upper wick on W1. Daily Awesome Oscillator is going down.
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.