GBP/USD: pair is consolidating

GBP/USD: pair is consolidating


Bears faced with resistance at 1.3244, so the pair is consolidating. The main intraday target is the next resistance at 1.3297 - 1.3314. A pullback from this area could be a starting point for a bearish correction to 1.3244 - 1.3216.


It seems like there's a triangle pattern. If so, the market is likely going to continue moving up in the coming hours. In this case, we should keep an eye on the nearest resistance at 1.3314, which could lead to a downward correction.



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AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

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