Last week NZD/USD made a significant thrust to the downside.
GBP/USD: uptrend may continue
Technical levels: support – 1.4150; resistance – 1.4200, 1.4250.
- Buy — 1.4160/70; SL — 1.4150; TP1 — 1.4250; TP2 — 1.4290.
Reason: bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a golden cross of Tenkan-sen and Kijun-sen was cancelled, but the prices above the strong support of the lines.
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…