Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD: pound in consolidation inside Tenkan-Kijun
GBP/USD: pound in consolidation inside Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; a market returned into channel Tenakn-Kijun and may bounced from Kijun-sen to the positive area.

EUR/USD: euro supported by Kijun-sen
EUR/USD: euro supported by Kijun-sen

Bullish Ichimoku Cloud, with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are returned into channel Tenkan-Kijun and supported by Kijun-sen.

EUR/USD:  possible
EUR/USD: possible "V-Top"

The pair is likely going to test the closest support at 1.2398. This level could be a departure point for another upward price movement...

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