GBP/USD: Moving Averages acted as support

GBP/USD: Moving Averages acted as support


The price is consolidating near the 89 Moving Average. Also, there's a bullish "Thorn" pattern, so the market is likely going to test the next resistance at 1.3182 - 1.3238. If a pullback from these levels happens, we could have a decline towards the closest support at 1.3182 - 1.3150.


The Moving Averages have acted as support, so there's a "V-Bottom" pattern. In this case, bulls are likely going to reach the nearest resistance at 1.3179 during the day. If we see a pullback from this level, there'll be time for downward 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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