GBP/USD: 'V-Top' pattern led to decline
There's a 'Double Bottom', which has been confirmed, so the price is likely going to test the nearest resistance...
EUR/JPY: close to reach a key support area
EUR/JPY has been taking a rest in the bullish bias started from the lows of March and the resistance level of 133.49 is helping to cap further gains. Currently, the pair is on its way to reach the Fibonacci zone of 50% at 131.21. If a rebound happens over there, then we can expect a rally to test the Fibonacci area of -23.6% at 134.56. To the downside, if the 130.53 level gives up, doors will open to test the 128.94 area.
RSI indicator remains steady around the oversold territory.
Felipe Erazo
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USD/CAD is recovering
Last week, USD/CAD held above the strong daily support level.
Gold will continue to consolidate
On the daily chart, we expect the price of gold to fluctuate sideways within the Symmetrical Triangle with resistance and support marked by the blue line.
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GBP/USD: confirmed "Thorn" pattern
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
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