Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD/JPY:
USD/JPY: "High Wave" pattern

The pair is likely going to test the Moving Averages, which could be a departure point for another bearish price movement...

EUR/USD: bullish
EUR/USD: bullish "Harami"

If all the Moving Averages act as resistance, there'll be an opportunity to have another decline...

GBP/USD:
GBP/USD: "V-Bottom" pattern

The price is likely going to test the nearest resistance area at 1.3944 - 1.3979. At the same time, if we see a pullback from these levels...

EUR/USD: main trend is still bullish
EUR/USD: main trend is still bullish

It's likely that the pair is going to test the 89 Moving Average in the short term. If a pullback from this line happens little later on...

GBP/USD:
GBP/USD: "Thorn" pattern

The main intraday target is the next support at 1.3834 - 1.3741. Meanwhile, if a pullback from this area happens...

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