GBP/USD: "Flag" pushing price higher

GBP/USD: "Flag" pushing price higher


Bulls faced resistance at 1.2964, so the price is consolidating. Meanwhile, we've got a "Flag" pattern, the market is likely going to achieve the nearest resistance at 1.2988 - 1.2995. However, if we see a pullback from this area, there'll be an option to have another bearish price movement in the direction of the next support at 1.2964 - 1.2945.


We've got a "Flag", so bulls are likely going to reach the closest resistance at 1.2988 - 1.2995 during the day. However, if a pullback from these levels happens, bears will have a green light to reach support at 1.2964 - 1.2945.



Bitcoin (BTC/USD) opening the doors for a lower extension

As we had anticipated in previous reports, Bitcoin has finally made a break of the important level of support at 12,852 and is now on track to reach the Fibonacci level of 0% at 10,680, which could mean a bearish continuation that will allow to…


Morning brief for May 30

 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…

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