Last week NZD/USD made a significant thrust to the downside.
GBP/USD: the pound is waiting for a rebound
BUY 1.377 SL 1.3715 TP1 1.387 TP2 1.397 TP3 1.407
SELL 1.415 SL 1.4205 TP1 1.405 TP2 1.395 TP3 1.385
On the daily chart of GBP/USD, the pair reached targets of the “Shark” pattern. Its 88.6% target matches the level of the diagonal support in the form of the upward channel’s bottom line. There is a possibility of a rebound and a recovery of the bullish trend from that level.
On H1, the “Broadening wedge” pattern was formed. A pullback to 38.2% and 50% levels from the 4-5 wave is used for selling, a break of the resistance at 78.6% and 88.6% is used for buying.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…