The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
GBP/USD: pound returned to Cloud
Technical levels: support – 1.3040; resistance – 1.3215.
- Sell — 1.3170/80; SL — 1.3200; TP1 — 1.3070; TP2 — 1.3040.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span; a dead cross of Tenkan-sen and Kijun-sen; the prices returned to resistance of Senkou Span A, but may continue existing downtrend.
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…