EUR/USD: 34 Moving Average acted as resistance
It's likely that the price is going to test the lower 'Window' (1.1107), which acted as support a few days ago...
GBP/JPY trading inside a strong pivot area
GBP/JPY is currently facing a dynamic support around the 200 SMA at H1 chart and trades inside a demand zone established by our Fibonacci projections. The 65% level still holds and it can serve as pivot to send the pair to higher levels across the board, with a first target placed at October 25th highs, around 151.36, ahead of the -23.6% level at 152.18.
RSI indicator remains in the negative territory.
Felipe Erazo
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Latest news
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...
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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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