The pair will be affected on the intraday basis by British Inflation Report hearings and US durable goods orders.
GBP/USD: the Bears are tired
Technical levels: support – 1.3550/60, 1.3240; resistance – 1.3660.
- Sell — 1.3660; SL — 1.3680; TP1 — 1.3550; TP2 — 1.3450.
- Buy — 1.3580; SL — 1.3560; TP1 — 1.3660.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal; the prices are on the new lows, but daily market is extremely oversold.
EUR/USD met resistance in the 1.1415 area. The pair’s advance in the recent days was quite rapid, so it might be hard for the euro to retain the bullish momentum.
After its extensive decline last week, the USD can make a small comeback.
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.