GBP/USD: 'V-Bottom' pushing price higher
We've got a 'Pennant', so the pair is likely going to reach the nearest resistance at 1.3216 - 1.3257. A pullback from this area could be...
EUR/GBP reversed from resistance zone
- EUR/GBP reversed from resistance zone
- Next sell target - 0.8900
EUR/GBP recently reversed down from resistance zone lying between the powerful resistance level 0.8960 (which has been reversing all upward impulse from last November, as can be seen from the daily EUR/GBP chart below) and the upper daily Bollinger Band. EUR/GBP is expected to fall further toward the next sell target at the next support level 0.8900 (former strong resistance from the start of July).
Dmitry Chernovolov
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