On the daily chart of EUR/USD, there is a transformation of the "Shark" pattern into 5-0.
GBP/USD: pound may continue downtrend
Technical levels: support – 1.3140; resistance – 1.3180.
- Sell — 1.3180; SL — 1.3200; TP1 — 1.3140; TP2 — 1.3040.
Reason: irregular bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the Bears got a strength and want to continue main daily downtrend.
On the daily chart of EUR/GBP, after implementation of the "Wolfe Waves" and "Shark" (88.6%) patterns, there is a correction as a part of the "Shark" pattern's transformation into 5-0.
Gold is correcting down after its previous advance. The metal is now trading below October high at 1243.35.
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…