There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
GBP/USD: another 'V-Bottom' pattern
There's another 'V-Bottom' pattern, so the price is consolidating. Even so, we're likely going to have a new local low soon. In this case, we should watch the nearest support at 1.2695 - 1.2661 as an intraday target. The subsequent pullback from this area could lead to an upward correction.
We've got a 'Double Bottom', but the market is moving sideways. It's likely that the pair is going to reach another support at 1.2711 - 1.2695 in the coming hours. If a pullback from this area formes next, there'll be time for a bullish correction.
The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
Google is going up. When are we to expect full recovery? This short technical analysis will give you some clues where to look at.
There has been some movement in the EUR/USD chart. What's happening?
The US-China relations are getting more tensed over Hong-Kong. How does that affect the USD?