USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages.
GBP/USD: bulls are counting on the Indians
TP1 1.3360 TP2 1.3395 TP3 1.3455
On the daily chart, GBP/USD is showing a sustainable uptrend within the correction to the long-term bullish trend. The closeness of 88.6% target of the “Double top” is increasing the odds of a pullback.
On H1 of GBP/USD, a combination of “Three Indians” and 1-2-3 creates grounds for reversal of the downtrend. A break of resistance at 1.3295 will be a signal for bulls to attack and trigger the “Ideal butterfly” pattern with a target at 127.2%.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...