Volatility has greatly diminished in USD/JPY. The pair is consolidating in a narrow range on H4, and a breakout is coming.
GBP/USD: pound keep staying on Cloud
Technical levels: support – 1.2900; resistance – 1.2960.
1. Buy — 1.2930; SL — 1.2910; TP1 — 1.2980; TP2 — 1.3050.
2. Sell — 1.2900; SL — 1.2920; TP1 — 1.2810; TP2 — 1.2710.
Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen in a Cloud; the prices are on the support of Cloud, but the bulls are weak.
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…