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.

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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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