It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for...
GBP/USD reached buy target 1.3400
- GBP/USD reached buy target 1.3400
- Next buy target -1.3700
GBP/USD today broke sharply above the resistance zone lying between the resistance level 1.3400 (previous buy target) and the resistance trendline of the wide daily up channel from April, as can be seen below. The breakout of this resistance zone accelerated the active minor impulse wave 3, which belongs to the intermediate impulse wave (3) from the middle of June. GBP/USD is expected to rise to the next buy target at the next resistance level 1.3700.
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…