GBP/NZD reversed from resistance zone
GBP/NZD reversed from resistance zone Next sell target - 1…
EUR/USD: 'Head & Shoulders' pushed price higher
The main trend is still bearish. At the same time, there's a 'Triple Bottom' pattern, so the price is rising. However, if a pullback from the 55 Moving Average happens little later on, there'll be a moment for another decline.
We've got a 'Head & Shoulders' pattern, which led to the current upward price movement. Also, there's a broken 'Pennant', so the market is likely going to test the next resistance at 1.2025 - 1.2031 in the short term.
Sergey Logachev
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USD/JPY: pair reached upper 'Window'
There's still no any reversal pattern so far. In this case, the market is likely going to test the next resistance soon...
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Morning brief for May 30
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
CHF/JPY broke powerful resistance level 115.15
CHF/JPY broke powerful resistance level 115…
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