GBP/USD: 'V-Top' led to bearish rally
It's likely that the market is going to test the next support area at 1.2999 - 1.2968. A pullback from these levels could be...
EUR/USD: bearish impulse arrived
We've got a pullback from 8/8 MM Level, so a double zigzag in wave [y] of 2 may have been formed. Therefore, we could have bearish wave (i) in the short term. In this case, we should keep an eye on 6/8 MM Level as an intraday target.
There's a downward impulse in wave ii, so bulls are likely going to deliver a local correction. However, if we see a pullback from 8/8 MM level, there'll be an opportunity to have another bearish impulse in wave iii of (i).
Igor Tolstykh
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