GBP/JPY: finished 'Flag' pattern
The market is consolidating above the Moving Averages.
EUR/USD: "Double Top" pattern
The last "Double Top" pattern led to the current decline. The main intraday target is the nearest support at 1.1745 - 1.1719. If we see a pullback from this area, there'll be an opportunity to have an upward price movement towards the closest resistance at 1.1822 - 1.1837.
There's a "Double Top" pattern, which has been formed under the Moving Averages. In this case, the market is likely going to test the next support at 1.1761 - 1.1738. If a pullback from these levels happens little later on, we could have an upward correction in the direction of the 34 Moving Average.
Sergey Logachev
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