GBP/USD: under Kijun’s resistance

GBP/USD: under Kijun’s resistance

Technical levels: support – 1.2840; resistance – 1.2900.

Trade recommendations:

  1. Sell — 1.2900; SL — 1.2920; TP1 — 1.2840; TP2 — 1.2810.

Reason: expanding bearish Ichimoku Cloud with horizontal Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under the resistance of Kijun-sen and may continue falling down.




XAU/USD: bears got out

Recommendation: SELL $1266 SL $1281 TP1 $1237 TP2 $1212 On the daily chart, a break of XAU/USD below the lower border of a $1266-1288 consolidation range allowed bears to get out…


EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

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