Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Kijun-sen; the market supported by Tenkan-sen and it will continue the uptrend.
GBP/USD: pound took a break
On the daily chart, the realization of the Wolfe Waves pattern continues. The first target at 1.303 has already been reached, but bulls are not going to stop at this point. To restore the uptrend, they need to rise above May high.
On the hourly chart, GBP/USD has realized the Expanding Wedge pattern and reached 113% target of the Shark pattern. The risks of correction from current levels have increased. Bulls still keep the pair under control, so rollbacks towards 23.6% and 38.2% levels of the CD wave can be used for opening long positions.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are a tested the main daily resistance, but the market needs a correction.
Recommendation: BUY 0…
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