Recommendation: BUY 0…
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.
USD/JPY has posted slight gains in the first half of past week as political tumult over Trump's obstruction of justice subsided…
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…