Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
USD/CHF: franc is at a crossroads
On the USD/CHF daily chart bears managed to return quotes to the important support at 1.004. Breakout of the lower border of the upward trading channel can lead to the correction. The bulls don't lose hopes for the implementation of the targets in the Wolf Waves and Shark patterns. To implement them, they need to update April high.
On the USD/CHF hourly chart, quotes went beyond the rising trading channel and formed a downward triangle. A successful test of its lower border can lead to the development of correction towards 0.995.
SELL 1,001 SL 1,0065 TP 0,995,
BUY 1,0085 SL 1,003 TP 1,02.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen
On the daily chart of USD/JPY, after the pair reached 113% target of the “Shark” there was a natural pullback.
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.
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