Hit resistance. Pull back now, which can be a buy opportunity
Weekly:
- Trend is still bearish, Price tagged major trendline and 100 WMA. Ichimoku setup turned neutral, with bullish bias: price enterring Kumo, Tenkan/Kijun weak bullish.
- Heikin Ashi is bullish, but momentum may slow down as price faces a thick Kumo resistance.
Daily:
- Ichimoku setup is bullish until Price is above Kumo. However Chikou Span hit past Kumo resistance. 0,7400 +/- is a stronger resistance zone.
- Heikin-Ashi is losing bullish momentum. Last two candles had tighter range and last one is a doji. Negative divergence in haDelta.
We may see some correction to 0,72+ support zone (daily Kumo, daily Kijun, and weekly Kijun), where we will have to watch price action and look for a possible bullish signal. For now those who were short GBP may reduce some of their positions.
- Trend is still bearish, Price tagged major trendline and 100 WMA. Ichimoku setup turned neutral, with bullish bias: price enterring Kumo, Tenkan/Kijun weak bullish.
- Heikin Ashi is bullish, but momentum may slow down as price faces a thick Kumo resistance.
Daily:
- Ichimoku setup is bullish until Price is above Kumo. However Chikou Span hit past Kumo resistance. 0,7400 +/- is a stronger resistance zone.
- Heikin-Ashi is losing bullish momentum. Last two candles had tighter range and last one is a doji. Negative divergence in haDelta.
We may see some correction to 0,72+ support zone (daily Kumo, daily Kijun, and weekly Kijun), where we will have to watch price action and look for a possible bullish signal. For now those who were short GBP may reduce some of their positions.