The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
GBP/USD: all Moving Averages have been broken
The main trend is still bullish, but the last 'Thorn' pattern led the current decline. So, the pair is likely going to test the closest support at 1.4144 - 1.4119, which could be a starting point for an upward price movement in the direction of the nearest resistance at 1.4243 - 1.4262.
All the Moving Averages have been broken. The main bearish target is the next support at 1.4144 - 1.4119. If a pullback from these levels happens little later on, there'll be an opportunity to have a bullish price movement towards another resistance at 1.4230 - 1.4243.
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.