USD/CAD is forming a “Three touches” pattern. A pullback from the upper border of the downtrend channel allowed bears to return the initiative.
GBP/USD: pound reached 3W-highs
Technical levels: support – 1.4200; resistance – 1.4270, 1.4330.
- Buy — 1.4200; SL — 1.4180; TP1 — 1.4270; TP2 — 1.4330.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the market is growing up and reached 3W-highs, but inside a overbought area on daily timeframe.
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…