Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are under the resistance of Senkou Span A.
Tag - gbp
GBP/JPY is currently facing a dynamic support around the 200 SMA at H1 chart and trades inside a demand zone established by our Fibonacci projections…
It was a volatile week for the British pound…
It seems like bears are ready to move on, so we could have a new local low soon...
Recommendations: BUY 0…
Narrowing bearish Ichimoku Cloud with falling Senkou Span B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are in negative area, but on the strong support of 1.3100.
The 34 Moving Average is likely going to act as support in the short term. If a pullback from this line happens little later on...
The Moving Averages have acted as resistance, so there's a "Double Top" pattern, which led to the current consolidation...
Recommendation: SELL 1…
Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are in negative area, below the Kijun-sen.
The last "Double Bottom" pattern led to the current bullish price movement...
Bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are growing up to Senkou Span A, but there is a strong resistance.