XAU/USD reached resistance of the uptrend channel in the area of 1347.
GBP/USD: pound returned inside Cloud
Technical levels: support – 1.3900; resistance – 1.4050.
- Buy — 1.3940; SL — 1.3920; TP1 — 1.4050; TP2 — 1.4100.
Reason: narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but narrowing channel; the prices are supported by Senkou Span B and returned inside a Cloud.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...