GBPUSD
This pair stays in side trend and so far investors cannot decide whether this is H&S or reversed H&S pattern. In the first case support is set by 1,4052-1.4038 area created by March 24th low and (3/8) line. The range is set by (0/8) 1.3672. First signal of this scenario will be decrease below Kumo low 1.4127. In the second case GBPUSD need to break (6/8) 1.4404 line. Today, when price stays below Tenkan-sen, Kijun-sen and (5/8) line, we should consider fist scenario.
GBPJPY
It generated another sell signal on Friday. Price is below Tenkan-sen 160.35 and Kijun-sen 161.12. First resistance area is created by (3/8) 159.38 and unless chart stays below these levels, range is set by (0/8) 150.00. Chikou Span confirms bearish trend on this pair.
AUDUSD
A little different situation on AUDUSD. Kijun-sen support 0.7616 and Senkou Span B 0.7599 is still defended. Breaking Tenkan-sen 0.7645 resistance would be a signal of end of correction but it would better if it will happen tomorrow when chart will be again above bullish Kumo. The range stays at daily (8/8) line 0.7812. We cannot exclude testing (4/8) 0.7568 on H4 chart. Here we will see solution whether pair will stay in bullish trend or local high will be set on this pair.
