Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Kijun-sen; the market supported by Tenkan-sen and it will continue the uptrend.
GBP/USD: pound restores the trend
On the GBP/USD daily chart, there is a realization of the Wolfe Waves pattern. The breakout of the diagonal resistance will be a signal for the start of the rally towards $ 1,305. A prerequisite for the implementation of the target is the successful break of the 1.28-1.2815 area.
On the GBP/USD hourly chart, the "Expanding Wedge" pattern has been formed. For its activation, point 3 needs to be updated. A successful test of the resistance 1.2815 will allow us to do this. Once the resistance is tested and point 3 is updated there might be a continuation of the rally towards the target 88.6% of the inverted Shark pattern.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are a tested the main daily resistance, but the market needs a correction.
Recommendation: BUY 0…
The last consolidation resulted in a massive bullish rally. Finally, the price faced resistance at 1.1365, so bears are likely going to...
The 55 Moving Average has acted as a resistance, so there’re a “Shooting Star” and a “Doji”.
GBP/CHF broke pivotal resistance level 1…