GBP/USD: 34 Moving Average acting as support

GBP/USD: 34 Moving Average acting as support


We've got a 'V-Top', which has been formed between the Moving Averages. Also, there's an opportunity to have a 'Diamond' pattern. In this case, we're likely going to have a decline towards the closest support at 1.3344 - 1.3300.


The pair is consolidating between the levels 1.3473 - 1.3380. The 34 Moving Average is acting as support. So, it's likely to have an upward correction in the short term. If a pullback from the nearest resistance at 1.3419 - 1.3450 happens next, there'll be time for another decline.




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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