EUR/USD reversed from support zone Next buy target - 1…
GBP/USD: "Double Top" pattern
Bulls faced with resistance at 1.3928, so there's a "V-Top" pattern, so the market is likely going to test the closest support at 1.3840. Meanwhile, if a pullback from this level forms afterwards, there'll be an opportunity to have an upward price movement in the direction of the next resistance at 1.3928.
There's a "Double Top" pattern, but the pair found support at 1.3876, so we could have a bullish price movement towards the nearest resistance at 1.3918 - 1.3928. These levels could be a starting point for another decline.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.