On the daily chart of AUD/USD, bulls still hope to implement the “Wolfe waves” pattern.
USD/JPY: trading in Tenkan-Kinjun
Technical levels: support – 110.80, 110.50; resistance – 111.50.
1. Sell — 111.10; SL — 111.30; TP1 — 110.50; TP2 — 110.10.
Reason: bullish Ichimoku Cloud with falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market entered in channel of Tenkan-sen and Kijun.
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…