Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
GBP/USD: will the pound leave the ledge?
On the GBP/USD daily chart, "bulls" are trying to implement the "Splash and ledge" pattern. If they succeed, the risks of continuation of the rally towards 161.8% target in the AB = CD pattern will increase. In contrast, a move of quotes to the middle level of the 1.2770 - 1.2860 trading range can lead to the formation of "Shakeout-fakeout" pattern and development of the correction to the current uptrend.
On the GBP/USD hourly chart, the failure of buyers to move higher will be a sign of their weakness. It might also lead to the formation of the expanding wedge reversal pattern,
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen
On the daily chart of USD/JPY, after the pair reached 113% target of the “Shark” there was a natural pullback.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
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The European Central Banks left its key interest rates…