GBP/JPY has been moving up since the start of January. The pair broke out of a bullish flag and reached new highs in the 145.00 area.
GBP/USD: pound is wandering in the channels
BUY 1,3035 SL 1,298 TP1 1,31 TP2 1,3135,
SELL 1,293 SL 1,2985 TP 1,278.
On the GBP/USD daily chart, there is a consolidation within the upwards trend. A breakout of the diagonal support followed by activation of the "Shark" pattern can result in the development of the correction towards 1.278. The odds for expansion are not high, the quotes might exhaust their rally at around 1.31 (target 161.8% in AB = CD).
On the GBP/USD hourly chart, there was a false breakout of the lower boundary of the triangle. Breakout of the support at 1.293 may result in a pullback. In contrast, a successful test of resistance at 1.3035 will create the prerequisites for the continuation of the rally.
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…