AUD/NZD is making movements to the downside which are hard to ignore.
GBP/USD is losing ground
TP1 1.3290 TP2 1.3170
On the daily chart, GBP/USD keeps correcting to the long-term uptrend. Bulls tried to return the pair inside the previous consolidation range of 1.3455-1.3615. Failure points at their weakness. The pound formed a pin bar. If bears manage to reach targets, the risks of going to 88.6% target of the “Double top” will significantly increase.
On H1, if GBP/USD falls below May minimum at 1.3390, the decline will intensify.
USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01.
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...