On the daily chart of AUD/USD, bulls still hope to implement the “Wolfe waves” pattern.
USD/JPY: dollar reached Cloud’s resistance
Technical levels: support – 109.20; resistance – 109.75.
- Sell — 109. 50/60; SL — 109.80; TP1 — 109.00; TP2 — 108.60.
Reason: bearish Ichimoku Cloud with falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under the pressure of bearish Cloud.
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…