On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
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.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.
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...