Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
GBP/USD: pound is suffering
TP1 1.2630 TP2 1.2570 TP3 1.2080
On the daily chart, GBP/USD is forming a “Spike and reversal with acceleration”. Bears are dominating at the market. As long as the pair is below the trend line of the initial stage at 1.2920, it’s recommended to sell the pound on the recoveries.
On H1, GBP/USD bears reached targets of the “Shakout-Fakout” pattern. If the pair returns to the middle of the 1.2730-1.2790 consolidation range, it will be time to sell. There’s also reason to use the retest of resistance at 1.2730 for selling.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
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