On the daily chart, EUR/GBP is making a long-term consolidation in the 0.87-0.9015 range within a “Spike and ledge” pattern on the basis of 1-2-3. Within it, the pair formed a medium-term consolidation range of 0.87-0.89.
USD/CHF: bulls are launching an attack
TP1 0.9510 TP2 0.9590
On the daily chart of USD/CHF, bulls are trying to counterattack and trigger the “Shark” pattern. Its 88.6% target is near 0.9775. As there’s a distinct downtrend, we doubt in the pair’s ability to rise to this level, though everything is possible.
On H1, if USD/CHF exits the downtrend channel and breaks above resistance at 0.9410 with the following activation of the “Shark” pattern, the odds of advance to 0.9590 will increase.
On the daily chart, EUR/USD keeps consolidating in the 1.1515-1.1815 range. Bulls keep hoping to form a “Dragon” and a “Crab”.
Irregular bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
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…