The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
GBP/USD: consolidation above MA
The price is consolidating above the Moving Averages. It's likely that the pair is going to test the closest support at 1.3928. However, if a pullback from this level happens, bulls will probably try to reach the next resistance at 1.3996 - 1.4069.
There's a consolidation, which is taking place near the 34 Moving Average. The main intraday target is the nearest support at 1.3928 - 1.3911. This area could be a departure point for a bullish price movement towards another resistance at 1.3996 - 1.4023.
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.