6/8 MM Level is likely going to act as resistance once again. If we see another pullback from this line, wave (i) is going to be continued.
Daily Market Analysis
The market is consolidating along the "Window". Also, there's a "High Wave" pattern at the local high.
The 55 Moving Average and the lower "Window" have acted as support, so we've got a "Three Methods" pattern on this line.
Bank of America FX Strategy Research notes that GBP has been broadly lower in the aftermath of the BoE decision with some of the main pairs having failed to break through resistance in recent weeks…
The 55 Moving Average has acted as support, so we've got a "Double Bottom" on this line.
There's a "Triple Bottom", so the market is likely going to test resistance near the downtrend.
Recommendations: SELL 123,6 SL 124,15 TP1 122,25 TP2 120,8, BUY 124,3 SL 123,75 TP1 125,2 TP2 128…
On the GBP/USD daily chart, bulls retained the hold of the support at 1…
Brent oil futures jumped to $51…
Narrowing bearish Ichimoku Cloud, rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the bulls are want to enter into the Cloud.
Narrow bullish Ichimoku Cloud, but rising Senkou Span B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines; expected a new golden cross; the prices are resistance of Senkou Span A.
AUD/NZD reversed from powerful support zone Next buy target - 1…