Narrowing bearish Ichimoku Cloud; rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the local market in a correction phase and the bulls may go higher.
There's a "Double Bottom", which pushed the price towards resistance at 1.2705. In this case, the market is likely...
The last "Rising Wedge" has been broken. In this case, the pair is likely going to achieve the nearest support.
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.
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…
There's a developing "Rising Wedge". The price is testing the lower side of this pattern.
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…
The price is consolidating under the 34 Moving Average, so there's a possible developing "Rising Wedge" pattern.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices entered into the Cloud and the Bulls will going to the upper bound of the Cloud.
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