EUR/GBP can’t leave the consolidation range of 0.87-0.9020. It was formed in line with the “Spike and ledge” pattern.
USD/CHF: bulls are counterattacking
TP1 1.0015 TP2 1.0055 TP3 1.0195
On the daily chart, USD/CHF keeps forming “Wolfe waves” pattern. The inability of bears to return the pair inside the long-term descending channel pointed at their weakness. To continue the rally towards 1.0195 and higher, the pair has to return inside the short-term trade channel.
On H1, USD/CHF is consolidating in the 0.9825-0.9915 area. A break of its upper border will mean the triggering of the “Broadening wedge” pattern.
On the daily chart, bears are in control. They are still hoping to push the pair to 200% target of AB=CD.
Bearish Ichimoku Cloud with falling Senkou Span B; a cancelled golden cross of Tenkan-sen and Kijun-sen.
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…