GBP/USD formed a "V-Bottom"

GBP/USD formed a "V-Bottom"

There's a "V-Bottom" pattern, which has been formed on the 89 Moving Average. In this case, the price is likely going to test the nearest resistance at 1.4011 - 1.4082. This area could be a departure point for a decline in the direction of another support at 1.3834 - 1.3741.


The last "V-Bottom" pattern led to a local bullish price movement. It's likely to have an intraday downward correction, but bulls are going to test the 89 Moving Average afterward.




USD/JPY: bullish 'High Wave'

The main intraday target is the next resistance at 113.53, which could be a starting point for a bearish correction...



EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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