GBP/USD: pair going reach next resistance

GBP/USD: pair going reach next resistance


Bulls faced with resistance at 1.3454, so there's a local correction. Nevertheless, the pair is likely going to reach the next resistance at 1.3480 - 1.3513 in the short term. If a pullback from these levels happens, there'll be time for a decline.29-11-2017-GBP-H1.png

The price found resistance at 1.3453, so we've got a "V-Top" pattern. In this case, we're likely going to have a decline towards the nearest support at 1.3382. If a pullback from this level happens little later on, bulls will probably try to test the next resistance at 1.3454 - 1.3480.



GBP/JPY: 'Flag' pattern

There's a confirmed 'Double Top' pattern, which pushed the market lower. Also, it seems like we're going to have...

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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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