On the daily chart of EUR/GBP, after a plenty of attempts, bulls have managed to pull the pair out of the upper boundary of the 0.87-0.89 consolidation.
GBP/USD: pound is resuming the trend
TP1 1.4350 TP2 1.4450 TP3 1.450
On the daily chart, GBP/USD keeps forming 5-0, “Shark” and AB=CD. A pullback to 50% of the wave CD of 5-0 pattern allowed to form long positions with targets at 113% and 127.2% of the “Shark” and AB=CD. To continue the rally, the pound needs to overcome resistance at 1.4250.
On H1, there are “Wolfe waves” and “Crab” patterns. The interim target is located at 127.2% of the latter at 1.45. The 200% target of AB=CD is also nearby.
On the daily chart of EUR/USD, the downward triangle is forming.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…