On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
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 golden cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.
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...