Check USD/TRY
USD/TRY has moved sharply down this week falling to the support line since the end of November.
GBP/USD: pound chose road to the north
On the GBP/USD daily chart, bulls managed not only to push quotes beyond the 1.277-1.286 trading channel but also to retest its upper border. it means that their opponents are still weak. So, there are odds for the continuation of the rally and fulfillment of the 161.8% target in the AB = CD pattern. It is located near the 1.31 mark.
On the GBP/USD hourly chart, the chances for bears to form and implement the "Expanding wedge" pattern have significantly decreased. First, the quotes should return to the middle range of the 1.277-1.2865 trading channel and only then to test its lower border.
Anastasia Mileshkina
Similar
Trade ideas for gold
The downside correction is long due in XAU/USD. Gold is stuck ahead of resistance at 1298.50.
EUR/CAD is near support
EUR/CAD has approached the support line from the end of October.
Latest news
GBP/USD: confirmed "Thorn" pattern
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
Deposit with your local payment systems
