Daily Market Analysis

Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; the cancelled dead cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices made the new lows for the last two months and the marker is oversold.

Expanding bearish Ichimoku Cloud, falling Senkou Span A; the cancelled dead cross of Tenkan-sen and Kijun-sen, but falling Kijun-sen; the prices are on the 4W-lows.

GBP/JPY has started a corrective phase on June 20th as it managed to find a top around 142…

GBP/CAD reversed from resistance zone Next sell target - 1…

GBP/CAD reversed from resistance zone Next sell target - 1…

GBP/AUD falling inside minor impulse wave 1 Next sell target - 1…

We've got a bearish "Harami" at the local high. Therefore, bears are likely going to test the 21 and 55 Moving Averages.

The upper "Window" acted as resistance, so we've got an "Engulfing" on this level. At the same time, there's a "Doji".

There's a pullback from 3/8 MM Level, so we've got a downward impulse in wave i. Wave ii is about to end, which means...

There's a developing "Rising Wedge". The price is testing the lower side of this pattern.

There's a "Double Bottom", which has been confirmed. In this case, bulls are likely going to reach the closest resistance.

Recommendations: BUY 1,291 SL 1,2855 TP1 1,291 TP2 1,294, SELL 1,264 SL 1,2695 TP1 1,251, TP2 1,245…