Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
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.
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines.
On the daily chart of EUR/GBP, bears couldn't break the support at 0.87 ( the bottom line of the longterm consolidation within the "Spike and ledge" pattern)
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…