USD/JPY: 2-week channel under question
The USD/JPY is at the lower border of the 2-week channel. Will it be broken?
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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USD/JPY: 2-week channel under question
The USD/JPY is at the lower border of the 2-week channel. Will it be broken?
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