The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
GBP/USD: All Moving Averages broken
There's a local 'Double Bottom', so the pair is likely going to reach the closest resistance at 1.3450. If we have a pullback from this level, there'll be a green light for a decline towards another support at 1.3344 - 1.3300.
All the Moving Averages have been broken. The main intraday target is the next resistance at 1.3419 - 1.3450. This area could be a starting point for a bearish correction.
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.