Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
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.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
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