- setup is neutral/bearish, Price trades below Kumo, with future Kumo overshade. Price just reached Tenkan and Kijun (both are at same level this time), which together should act as stronger supp/res. If GBPUSD holds above 1,5190, the pull back may come to its end and finally we'll see a new wave with possibly 1,59 tgt .
- Heikin Ashi signal is still (the week is not yet over). Watch if haDelta/SMA3 comes back above zero line.
- setup is neutra/bullish. price reached future Senkou B level (which means trades at 52 days equilibrium). Tenkan/Kijun is in weak cross above price, which means 1,5450 will be some resistance even if price starts to move up.
- Will it start to move up at all? Watch Heikin Ashi signal, and you'll get the answer in time!
Today (so far, as day is not yet over) Heikin Ashi candle had a higher low compared to yesterday candle's, and a smaller body as well (however the body is not completely within the prev. candle's body). haDelta/SMA3 drifts higher very slowly. All together the quantification shows that momentum started to decrease today at the possible support.
It may be a good buy opportunity soon, but we need to see some more confirming signals before we enter with full units. Until then maybe accumulate only small longs.
p.s.: If you check one lower (4H) time frame, there you see Kijun Sen at 1,5300, and future Kumo top (Senkou B) ard 1,5450. This means Bears will start to cover their shorts above 1,5300 but they will fight back on Bulls ard 1,54-1,5450. Also short term players may cut back positions and take profit ard 1,5400+.