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: franc came to Indians in peace
Recommendations:
BUY 0.951 SL 0.9455 TP1 0.961 TP2 0.9715 TP3 0.986
SELL 0.9435 SL 0.949 TP1 0.936 TP2 0.9335 TP3 0.927
On the daily chart of USD/CHF, the pair needs to break the March high to continue rising. On the contrary, an implementation of the “three Indians” pattern will increase risks of a long-term bearish trend.
On H1, there is a short-term consolidation in the range of 0.9435-0.951. If bulls manage to break its upper boundary, the rally will continue. Vice versa, the break of the support at 0.9435 will increase risks of decline to the 88.6% target of the “Shark” pattern.
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.
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On the daily chart, bulls are trying to return USD/CAD inside the long-term uptrend channel.
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