USD/JPY: all the Moving Averages broken
There's no any reversal pattern so far, which means the price is going to continue falling down towards the closest support area...
GBP/USD: Moving Averages acted as resistance
The Moving Averages have acted as resistance, so the price is consolidating. Nevertheless, the market is likely going to reach another resistance at 1.3290 - 1.3336 in the short term. If a pullback from this area happens, we could have a decline.
The last "Double Bottom" pattern led to the current bullish price movement. However, bulls faced with resistance at 1.3221, so we could have a local bearish correction towards the nearest support at 1.3182 - 1.3169. This area could be a departure point for another upward price movement.
Sergey Logachev
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The market is likely going to continue declining in the direction of the next support area in the coming hours...
GBP/USD: price declining because of last 'V-Top'
We should keep an eye on the nearest support at 1.3300 - 1.3266 as the next bearish target...
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AUD/USD: bulls cant breaking out SSB’s resistance
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Morning brief for June 2
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
Highlights of the ECB meeting and press conference.
The European Central Banks left its key interest rates…
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