GBP/USD: "Exhaustion Gap"

GBP/USD: "Exhaustion Gap"


The 55 Moving Average has acted as resistance, so we've got a "V-Top" pattern on this line. Therefore, bears are likely going to test the nearest support at 1.2853 - 1.2831 in the short term. If a pullback from this area happens, bulls will have a green light to reach the 89 MA.


There's an "Exhaustion Gap", so we've got a "V-Top" pattern, which led to a decline. However, the last high is likely going to be tested during the day. Meanwhile, we should keep an eye on the next support at 1.2853 - 1.2848 as an intraday target.



USD/JPY: bearish "Harami"

The pair is likely going to test the upper "Window", which could be a departure point for a downward correction...


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