Daily Market Analysis

As we can see on the one-hour chart, there's a possible wedge in wave (i). Wave iv is likely going to end soon.

We've got a pullback from the nearest "Window", so there's an "Engulfing" pattern. In this case, the pair is likely going to...

The price got support by the lower "Window", so we've got a bullish "Harami" pattern, which has been confirmed enough.

The last "Rising Wedge" has been broken. In this case, the pair is likely going to achieve the nearest support.

The price is consolidating along support at 1.1131. Also, there's a bearish "Flag", so the pair is likely...

GBP/JPY has started a corrective phase on June 20th as it managed to find a top around 142…

GBP/CAD reversed from resistance zone Next sell target - 1…

GBP/CAD reversed from resistance zone Next sell target - 1…

GBP/AUD falling inside minor impulse wave 1 Next sell target - 1…

We've got a bearish "Harami" at the local high. Therefore, bears are likely going to test the 21 and 55 Moving Averages.

The upper "Window" acted as resistance, so we've got an "Engulfing" on this level. At the same time, there's a "Doji".

There's a pullback from 3/8 MM Level, so we've got a downward impulse in wave i. Wave ii is about to end, which means...