On the daily chart of EUR/GBP, after a plenty of attempts, bulls have managed to pull the pair out of the upper boundary of the 0.87-0.89 consolidation.
GBP/USD: pound still on daily Cloud’s support
Technical levels: support – 1.3900, 1.3830; resistance – 1.3930.
- Buy — 1.3930; SL — 1.3910; TP1 — 1.4035; TP2 — 1.4070.
- Sell — 1.3940; SL — 1.3960; TP1 — 1.3830; TP2 — 1.3800.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market keep staying on the Cloud’s support on daily timeframe.
On the daily chart of EUR/USD, the downward triangle is forming.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…