NZD/USD made a confident rebound during the recent two weeks.
GBP/USD: pound returned to SSB
Technical levels: support – 1.3770; resistance – 1.3900.
- Sell — 1.3880; SL — 1.3900; TP1 — 1.3770; TP2 — 1.3680.
- Buy — 1.3920; SL — 1.3900; TP1 — 1.3990; TP2 — 1.4040.
Reason: bearish Ichimoku Cloud with rising Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are in the negative area and had returned to SSB’s resistance.
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...