Recommendation BUY 1…
GBP/USD: Bulls entered into Cloud
Technical levels: support – 1.2750, 1.2660; resistance – 1.2805, 1.2840.
- Buy — 1.2780; SL — 1.2760; TP1 — 1.2840; TP2 — 1.2900.
- Sell — 1.2750; SL — 1.2770; TP1 — 1.2660; TP2 — 1.2610.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices entered into the Cloud and the Bulls will going to the upper bound of the Cloud.
On the daily chart, bulls didn’t manage to push USD/CHF above resistance at 0…
Narrowing bearish Ichimoku Cloud; rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the local market in a correction phase and the bulls may go higher.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…