On the daily chart of GBP/USD, bears managed to pull the pair to the bottom line of the triangle.
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.
On the daily chart of USD/CHF, the "Shark" pattern has been transforming to 5-0.
Narrow bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...