USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
GBP/USD: 89 Moving Average acted as resistance
The 89 Moving Average has acted as resistance, so there's a 'V-Top' pattern. In this case, the market is likely going to test the 34 MA shortly. A pullback from this line could be a starting point for an upward price movement towards the next resistance at 1.3216 - 1.3244.
We've got a 'Triple Top', so the market is likely going to test the Moving Averages. If we have a pullback from these lines next, there'll be a moment for another bullish rally in the direction of the next resistance at 1.3216 - 1.3244.
Sergey Logachev
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Latest news
USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
The outlook for the GBP
The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?
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