Thursday mixed economic data didn’t let the US dollar index to break the psychological level at $95.
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.
On the daily chart of USD/JPY, bears are still hoping on the formation of the “Bat” in case of a break below the lower border of the uptrend channel.
On the daily chart, EUR/JPY bulls are counting on the break of the upper border of the descending trend channel and advance to 88.6% target of the “Shark” pattern.
Recommendations: SELL 1282 SL 1297 TP1 1252 TP2 1244 TP3 1215 BUY 1308 SL 1293 TP1 1325 TP2 1335 TP2 1349 On the daily chart of XAU/USD, the 1282-1308 consolidation continues…
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; Dollar is going to positive area, but the market is overbought now.
USD/CAD rising inside minor impulse wave 3 Next buy targets - 1…