GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.
GBP/USD: the Bears still active
Technical levels: support – 1.2800, 1.2750; resistance – 1.2860.
- Sell — 1.2860; SL — 1.2880; TP1 — 1.2800; TP2 — 1.2750.
Reason: expanding bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market continues downtrend and reached new lows on 1.2780; the Bears feels good and may be active in the next days.
AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. What's next?
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.