On the daily chart of XAU/USD, bears have tried to implement the “Shark” pattern
USD/JPY: the Dollar rose into positive area
Technical levels: support – 106.50, 106.00; resistance – 107.00, 107.50.
- Sell — 107.50; SL — 107.70; TP1 — 106.50; TP2 — 106.00.
- Buy — 106.50/60; SL — 106.30; TP1 — 107.00; TP2 — 107.50.
Reason: bullish Ichimoku Cloud with the narrow channel and horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; the Bulls got strength and breaking out the Cloud’s resistance.
On the daily chart of USD/CAD, the “Three drives” pattern keeps forming.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen.
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…