On the daily chart of AUD/USD, bulls still hope to implement the “Wolfe waves” pattern.
GBP/USD: pound is under Cloud’s resistance
Technical levels: support – 1.2670; resistance – 1.2765.
- Sell — 1.2740; SL — 1.2460; TP1 — 1.2670; TP2 — 1.2630.
Reason: narrowing bearish Ichimoku Cloud; rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market is under strong resistance of the 4H-Cloud.
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…