GBP/USD: bearish "Pennant" pattern

GBP/USD: bearish "Pennant" pattern


There's a "Triple Top", so the price is consolidating. The main intraday target is the nearest support area at 1.3120 - 1.3081. Therefore, if a pullback from these levels happens little later on, there'll be an opportunity to have another bullish price movement towards the closest resistance at 1.3221 - 1.3290.


There's a consolidation, which is taking place between the levels 1.3150 - 1.3202. Also, we've got a bearish "Pennant" pattern, so the pair is likely going to achieve the next support at 1.3120 - 1.3077. If a pullback from this area happens, bulls will probably try to reach the nearest resistance at 1.3150.



EUR/USD: bullish wave [iii]

There's a pullback from 4/8 MM Level, so the price is rising. It's likely that we're going to have bullish wave...


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