EUR/USD: "Pennant" led to bullish rally

EUR/USD: "Pennant" led to bullish rally


Bulls have broken the downtrend, so the price faced resistance at 1.0991. Therefore, the market is likely going to continue moving up towards the next resistance at 1.1025 - 1.1039 in the short term. If a pullback from this area happens, there'll be an opportunity to have a decline in the direction of the nearest support at 1.0951 - 1.0910.


The last consolidation led to another bullish rally. The main intraday target is resistance at 1.1015 - 1.1025, which could be a departure point for a bearish correction towards support at 1.0972 - 1.0947.



USD/JPY: bullish 'High Wave'

The main intraday target is the next resistance at 113.53, which could be a starting point for a bearish correction...

GBP/USD: 'V-Top' pattern

It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for...



EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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