NZD/USD made a confident rebound during the recent two weeks.
GBP/USD: pound returned to negative area
Technical levels: support – 1.3340; resistance – 1.3400.
- Sell — 1.3330; SL — 1.3350; TP1 — 1.3270; TP2 — 1.3210.
- Buy — 1.3370; SL — 1.3350; TP1 — 1.3470; TP2 — 1.3510.
Reason: narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, with horizontal lines; the prices are returned to negative area and now in consolidation below the 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...