GBP/USD: pound supported by Kijun-sen
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.
USD/CHF: bulls defeated an attack
Recommendation:
BUY 0.9890
SL 0.9835
TP1 0.9990 TP2 1.0145 TP3 1.0300
On the daily chart, USD/CHF bulls managed to hold an important support at 0.9775-0.9800. To resume the uptrend, buyers need a successful test of resistance at 0.9880-0.9890 and at 0.9940. In this case, the odds of the pair’s going to 200% target of AB=CD will increase.
On H1, a break of the upper border of the uptrend channel and resistance at 0.9880 (earlier it acted as support) will create grounds for a “Shark” pattern with the target at 88.6%.
Ivan Karamazov
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Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with expanding channel Tenkan-Kijun.
Trade idea for USD/CAD
On the daily chart, bulls are trying to return USD/CAD inside the long-term uptrend channel.
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