GBP/USD: bulls going to climb even higher

GBP/USD: bulls going to climb even higher

The last “Pennant” pattern led to a new high. So, the market is likely going to test the nearest resistance at 1.2945 – 1.2995 in the short term. However, if bulls be stopped here, there’ll be an opportunity to have a bearish correction towards a support at 1.2865 – 1.2816.

The price is consolidating under a resistance at 1.2945. It’s likely that bears are going to test the nearest support at 1.2900 – 1.2865. If a pullback from this area happens, there’ll be an option to have another bullish rally in the direction of the next resistance at 1.2935 – 1.2952.



Bitcoin (BTC/USD) opening the doors for a lower extension

As we had anticipated in previous reports, Bitcoin has finally made a break of the important level of support at 12,852 and is now on track to reach the Fibonacci level of 0% at 10,680, which could mean a bearish continuation that will allow to…


Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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