GBP/USD: bearish "Pennant"
The 55 Moving Average is acting as a support. Also, there's a "V-Bottom", so the price is consolidating.
Daily Market Analysis
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EUR/USD: bears ready to go
Considering the last "Triple Top", the market is going to test support at 1.0819 - 1.0729, which was formed by the "Breakaway Gap".
EUR/AUD reversed from key resistance level 1.4900
EUR/AUD reversed from key resistance level 1…
GBP/JPY reversed from resistance zone
GBP/JPY reversed from resistance zone Next sell target - 144…
USD/JPY: bearish "Tower"
There's a "Tower' pattern. The price has reached the 34 Moving Average, so we could have a local bullish correction.
EUR/USD: lower "Window" waiting for bears
We don't have any reversal pattern so far, which means bears are going to test the next "Window".
EUR/USD: wave ii going to end
We've got a pullback from 4/8 MM Level, so bulls are likely going to deliver wave ii, which could take the form of a zigzag.
GBP/USD: "Rising Wedge" going to be broken
Bulls faced resistance at 1.2995, so the market is likely going to achieve the 34 Moving Average.
EUR/USD: bears going to test "Breakaway Gap"
The market is likely going to decline towards support at 1.0819, which is near the last "Breakaway Gap".
NZD/CHF reversed from key support zone
NZD/CHF reversed from key support zone Next buy target - 0…
AUD/NZD broke support zone
AUD/NZD broke support zone Next sell target - 1…
USD/JPY: next "Window" waiting for bulls
We've got a bearish "Engulfing", but a confirmation of this pattern is quite weak.
