GBP/USD rising inside minor corrective wave (ii)

GBP/USD rising inside minor corrective wave (ii)

  • GBP/USD rising inside minor corrective wave (ii)
  • Next buy target - 1.4270

 GBP/USD continues to rise inside the minor corrective wave (ii), which broke earlier through the resistance trendline of the daily down channel from the end of January. The breakout of this down channel should strengthen the bullish pressure on this currency pair in the coming trading sessions. GBP/USD is likely to rise further toward the next buy target at the next resistance level 1.4270 (which reversed the price in February).




EUR/USD: euro hung on Tenkan-Kijun

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.

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