The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
GBP/USD: bullish "Flag"
The last bullish "Flag" pushed the price higher. It's likely that the pair is going to continue moving up in the direction of another resistance at 1.4144 - 1.4277.
Bulls faced with resistance at 1.4144, so the price is consolidating. The nearest support at 1.4087 - 1.4069 could be a departure point for an upward price movement.
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.