GBP/USD: bearish "Thorn" pattern

GBP/USD: bearish "Thorn" pattern


There's a consolidation, which is taking place near the 55 Moving Average. The main intraday target is the nearest resistance at 1.3057 - 1.3077. If a pullback from this area happens, there'll be an opportunity to have a decline towards support at 1.3006 - 1.2982.


We've got a bearish "Thorn" pattern, so the pair is likely going to test the 89 Moving Average. However, if a pullback from this line happens, bulls will have a green light to achieve the next resistance at 1.3057 - 1.3047.



EUR/USD: possible ending diagonal

We're likely going to have wave [iii] inside this pattern. So, we should keep an eye on +2/8 MM Level as the next bullish target...

USD/JPY: bearish "Harami"

The pair is likely going to test the upper "Window", which could be a departure point for a downward correction...


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