USD/CAD is forming a “Three touches” pattern. A pullback from the upper border of the downtrend channel allowed bears to return the initiative.
GBP/USD: pound testing weekly support
Technical levels: support – 1.3240, 1.3200; resistance – 1.3340.
- Buy — 1.3240; SL — 1.3220; TP1 — 1.3340; TP2 — 1.3380.
Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen with a horizontal lines; the market fell to support of weekly Cloud and may bounced to Tenkan-sen and Kijun-sen.
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…