GBP/USD: bearish "Flag"

GBP/USD: bearish "Flag"

GBP/USD: bearish "Flag"

Bulls faced resistance at 1.2995, so we've got a "Double Top" pattern, which has been confirmed. Therefore, the pair is likely going to test the 34 Moving Average. If a pullback from this line happens, bulls will probably try to test resistance at 1.2945 - 1.2964.

GBP/USD: bearish "Flag"

We've got a "Double Top" pattern, which has been confirmed by the last "Flag". The 55 Moving Average acted as support, so bulls are likely going to test resistance at 1.2955 - 1.2964 during the day. Considering a possible pullback from this area, we could have a decline towards support at 1.2913 - 1.2900 afterwards.




EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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