On the daily chart, bears tried to form “Three Indians”, 1-2-3 and “Bat” with 88.6% target but failed to bring USD/CAD to an important support at 1.2925.
GBP/USD: pound made new lows
Technical levels: support – 1.3040; resistance – 1.3140.
- Sell — 1.3140; SL — 1.3160; TP1 — 1.3040; TP2 — 1.2920.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen; the market made a new lows and will continue downtrend after correction to Tenkan-sen.
On the daily chart, bears managed to move XAU/USD to 113% target of the “Double top”.
Bears managed to pull AUD/USD below the lower consolidation range of 0.732-0.7470 (a ledge) within the “Spike and ledge” pattern.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…