AUD/NZD experienced an impressive rally since the end of March.
GBP/USD: pound made friends with the wedge
Recommendation: BUY 1,2865 SL 1,281 TP 1,3025,
SELL 1,28 SL 1,2855 TP 1,264.
On the GBP/USD daily chart, the Bulls hit the target 88.6% of the Shark pattern. At the present moment, we may observe the transformation of the Shark pattern into 5-0. A rebound from 50% and 61.8% correction levels of the CD wave creates prerequisites for sales. However, if the bulls manage to reach 1.2995 and 1.3023 levels, there will be a continuation of the rally.
On the GBP/USD hourly chart, there is an expanding wedge pattern. A rollback towards 50% and 61.8% levels of the 4-5 wave followed by the return of quotes to 38.2% and 50% can be used for opening long positions.
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…