USD/JPY: intraday trading
Volatility has greatly diminished in USD/JPY. The pair is consolidating in a narrow range on H4, and a breakout is coming.
GBP/USD: pound may go higher
Technical levels: support – 1.3320; resistance – 1.3400.
Trade recommendations:
- Buy — 1.3340; SL — 1.3320; TP1 — 1.3400; TP2 — 1.3480.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the market corrected into the channel of Tenkan-Kijun and will supported by Kijun-sen.
Tatyana Norkina
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