USD/JPY: all the Moving Averages broken
There's no any reversal pattern so far, which means the price is going to continue falling down towards the closest support area...
GBP/USD: bulls going to test next resistance
The 55 Moving Average has acted as support, so there's a "V-Bottom" pattern, which pushed the price a little bit higher. Under this circumstances, we should keep an eye on resistance at 1.3023 - 1.3057 as the next bullish target. Meanwhile, if a pullback from this area happens, we could have a downward correction towards support at 1.2945 - 1.2913.
Bulls found support at 1.2883, so we've got a "V-Bottom" pattern, which led to the current consolidation. Therefore, bears are likely going to get support on the 89 Moving Average, which could be a departure point for another upward price movement in the direction of the next resistance at 1.2988 - 1.3023.
Sergey Logachev
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EUR/USD: bearish 'Harami'
The market is likely going to continue declining in the direction of the next support area in the coming hours...
GBP/USD: price declining because of last 'V-Top'
We should keep an eye on the nearest support at 1.3300 - 1.3266 as the next bearish target...
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AUD/USD: bulls cant breaking out SSB’s resistance
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Morning brief for June 2
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
Highlights of the ECB meeting and press conference.
The European Central Banks left its key interest rates…
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