GBP/USD: All Moving Averages were broken

GBP/USD: All Moving Averages were broken


There's a "V-Top" pattern, which pushed the price to the closest support at 1.3386. The main intraday target is the next support at 1.3336 - 1.3319. If we have a pullback from these levels, there'll be an opportunity to have an upward price movement in the direction of another resistance at 1.3430 - 1.3454.


All the Moving Averages have been broken, so the price is consolidating. It's likely that the market is going to reach the closest support at 1.3336 - 1.3319. If a pullback from this area arrives afterwards, we could have a bullish price movement towards the nearest resistance at 1.3408 - 1.3430.



EUR/USD: bullish 'Hammer' pattern

The pair is likely going to reach the nearest resistance at 1.1386. If a pullback from this level happens next, bears will probably try to test...


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GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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