GBP/USD: pound near daily support
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a new cross of Tenkan-sen and Kijun-sen
USD/CHF: bulls want revenge
Recommendation:
BUY 0.964
SL 0.9585
TP1 0.9765 TP2 0.986
On the daily chart, a double bottom allows the bulls to retain hopes of finishing a “Dragon” pattern. To do it they have to return the quotes to resistance levels at 0.9650 and 0.9765 and conquer them.
On H1, a successful test of resistance at 0.9640 (upper border of the downtrend channel) will increase the risks of an inverted butterfly pattern. Its 127.2% target corresponds to 0.9860.
Ivan Karamazov
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EUR/USD: euro on new lows
Bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal
EUR/GBP: bulls want more
Recommendation: BUY 0…
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AUD/USD: bulls cant breaking out SSB’s resistance
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Morning brief for June 2
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Highlights of the ECB meeting and press conference.
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