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.
NZD/USD: risks of decline
TP1 0.7305, TP2 0.7225
On the daily chart, NZD/USD reached 113% target of the inverted “Shark” pattern. As a result, the risks of correction towards 23,6%, 38,2% and 50% of the wave CD increased. The “Shark” pattern may transform into 5-0 pattern. For a start, bears should bring the pair below support at 0.7410.
On H1, the break below the lower border of the downtrend and consolidation within the “Spike and ledge” pattern on the basis of 1-2-3 will increase the risks of a pullback with the following triggering of the “Shark” pattern (88.6% and 113%).
On the daily chart of EUR/USD, the downward triangle is forming.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal.
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…