USD/TRY has moved sharply down this week falling to the support line since the end of November.
GBP/USD: pound looks better
Technical levels: support – 1.2900; resistance –1.2950, 1.3070.
- Buy — 1.2920/30; SL — 1.2900; TP1 — 1.3010; TP2 — 1.3070.
Reason: narrow bullish Ichimoku Cloud, horizontal Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; the prices are supported by Tenkan-sen and Kijun-sen and the Bulls going to breakout an SSA’s resistance.
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...