Recommendation: BUY 0…
GBP/USD: pound made a stop
TP1 1.434 TP2 1.4435 TP3 1.4525
On the daily chart, GBP/USD bulls came close to 113% target of the “Shark”. The counterattack of bears didn’t discourage the pound, because so far as it’s trading above $1.41 (the lower border of the uptrend channel), the situation is controlled by the buyers.
On H1, GBP/USD is moving within uptrend channel towards the 200% target of AB=CD. Pullbacks with the further rebounds from support may be used for buying.
On H1 of EUR/USD, bulls want to trigger “Wolfe waves” pattern with a target at the line 1-4. At the same time, if the pair doesn’t leave the downtrend channel, their plans will fail.
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…