Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen.
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.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
On the daily chart of USD/CAD, bulls almost returned the pair to the 1.3275-1.3315 convergence (targets of "Shark" and "Wolfe waves" patterns).
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...