Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD: bullish "Pennant" pattern
GBP/USD: bullish "Pennant" pattern

Bulls faced resistance at 1.3057, so the price is consolidating. Meanwhile, the pair is likely going to achieve resistance at 1.3077.

EUR/USD: 34 MA acted as support
EUR/USD: 34 MA acted as support

The price is consolidating between the levels 1.1679 - 1.1615. Nevertheless, bulls are likely going to reach the next resistance.

USD/JPY:  "Harami" led to decline
USD/JPY: "Harami" led to decline

The last bearish "Shooting Star" led to the current decline. However, we've got a bullish "Doji", but this pattern hasn't been confirmed yet.

EUR/USD: pullback from 7/8 MM Level
EUR/USD: pullback from 7/8 MM Level

Wave (iv) is probably taking the form of a flat pattern. The main intraday target is 6/8 MM Level. If we see a pullback from this level...

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

There's a consolidation, which is taking place near the 55 Moving Average. The main intraday target is resistance at 1.3057 - 1.3077.

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