Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
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.
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines.
On the daily chart of EUR/GBP, bears couldn't break the support at 0.87 ( the bottom line of the longterm consolidation within the "Spike and ledge" pattern)
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...