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.
USD/CAD: loonie painted an Inside bar
BUY 1.2390 SL 1.2335 TP 1.2490
SELL 1.2295 SL 1.235 TP1 1.2195 TP2 1.2095
On the daily chart, the exit of USD/CAD outside of the triangle increases the risks of the downtrend’s resumption. The pair triggered AB=CD pattern with target at 200%. Formation of the inside bars points at the uncertainty.
On H1, USD/CAD is consolidating in the 1.2295-1.2390 range. A break of its upper border may trigger the “Bat” pattern. On the other hand, decline below support at 1.2295 will make the pair vulnerable for a further slide.
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…