On the daily chart, bears are trying to keep USD/JPY inside the long-term downtrend channel.
GBP/USD: The Bulls attacking SSB’s resistance
Technical levels: support – 1.3040; resistance – 1.3160.
- Sell — 1.3140/50; SL — 1.3170; TP1 — 1.3040; TP2 — 1.2920.
- Buy — 1.3170; SL — 1.3150; TP1 — 1.3250; TP2 — 1.3270.
Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but the lines are horizontal; the market grown to resistance of Senkou Span B but the main daily trend is bearish.
On the daily chart, EUR/JPY reached 88.6% target of the “Bat”.
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
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…