USD/CAD has reached resistance of June highs around 1.3386. It briefly tested levels above this point, but then returned lower.
GBP/USD: pound testing Cloud’s resistance
Technical levels: support – 1.3285; resistance – 1.3400.
- Sell — 1.3400; SL — 1.3420; TP1 — 1.3330; TP2 — 1.3285.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under the Cloud and testing its 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...