GBP/USD: local bearish 'Flag' pattern

GBP/USD: local bearish 'Flag' pattern


There's a 'Thorn' pattern, so the pair is likely going to test the nearest support at 1.3189 in the coming hours. However, if a pullback from this level forms little later on, it'll be time for a bullish price movement in the direction of the next resistance at 1.3291 - 1.3314.


It seems like there's a local bearish 'Flag' pattern. If so, the market is likely going to test the closest support at 1.3202 -1.3189 shortly. This area could be a starting point for another upward price movement.




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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