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: franc went off the road
- SELL 0.971 SL 0.9765 TP1 0.9585 TP2 0.954
- SELL 0.9645 SL 0.97 TP1 0.9585 TP2 0.954
On the daily chart, the inability of bulls to settle above 0.9760 points at their weakness. If bears manage to use the pin bar, the odds of decline to 88.6% and 113% targets of the “Shark” pattern will increase.
On H1, there’s a combination of reversal patterns “Three Indians” and “Widening wedge”. Aggressive selling involves opening positions on the break of the lower border of the uptrend channel. Conservative sellers can open positions on a successful break of support at 0.9645.
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…