GBP/USD: bears can't stop

GBP/USD: bears can't stop

GBP/USD: bears can't stop

Bulls found a resistance at 1.2522, so bears are likely going to reach the 89 Moving Average. If a pullback from this line be on the table, there’ll be an opportunity to have an upward price movement in the direction of a resistance at 1.2477 – 1.2506.


GBP/USD: bears can't stop

We’ve got a developing “Double Top”, so the market is likely going to decline towards a support at 1.2411 – 1.2382. Meanwhile, if a pullback from this area happens, bulls will probably try to test the 34 Moving Average.



EUR/USD: bullish 'High Wave'

We're likely going to have an upward correction in the short term. Even so, bears will probably try to deliver another decline little later on...



Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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