Bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but narrowing channel Tenkan-Kijun.
GBP/USD: wedge helped bulls
BUY 1.3025 SL 1.2970 TP1 1.3150 TP2 1.3250
SELL 1.2960 SL 1.3015 TP 1.2850
On the daily chart, GBP/USD formed junior and senior “3 Indians”. As a result, the pair declined to support at 1/2965. The break will strengthen the risks of a pullback towards the lower border of an uptrend channel.
On H1, GBP/USD is consolidating in the 1.2960-1.3025 area. A successful test of its lower border will allow expecting a continuation of correction towards 88.6% target of the “Shark” pattern. On the contrary, if there’s a “widening wedge”, the odds of the uptrend’s resumption will increase.
Narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
On the daily chart of EUR/GBP, after a plenty of attempts, bulls have managed to pull the pair out of the upper boundary of the 0.87-0.89 consolidation.
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…