GBP/USD: "Double Top" pattern

GBP/USD: "Double Top" pattern


There's a "Double Top" pattern, which has been confirmed. So, the price is likely going to reach the nearest support at 1.3386 - 1.3363 in the coming hours. If a pullback from this area happens afterwards, there'll be an opportunity to have an upward price movement towards another resistance at 1.3480 - 1.3513.


The 55 Moving Average has acted as support, so bulls are likely going to test the 34 MA shortly. If a pullback from this line happens afterwards, bears will probably try to reach the nearest support between the levels 1.3386 - 1.3363.




USD/JPY: dollar is corrected to Kijun-sen

Expanding  bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are returned to the support of Tenkan and Kijun and may go higher.

USD/JPY: dollar can’t breakout SSA’s resistance

Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls can’t breaking out the resistance of upper border of the Cloud and the market may return to 113.00.


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