GBP/USD: price consolidating along MA

GBP/USD: price consolidating along MA


The price is consolidating along the Moving Averages. The main intraday target is the next support at 1.3835. If a pullback from this level happens, there'll be a moment for a bullish price movement towards another resistance at 1.4011 - 1.4066.


The pair has been declining since the last "V-Top" pattern formed. It's likely that the market is going to test the nearest support at 1.3875 - 1.3835 in the coming hours.



GBP/CAD targeting lower levels

It seems the GBP/CAD looks forward to resume the bearish bias in the short-term, as it has been correcting the cycle started from May 18th and now, we can expect another leg higher to re-test the Fibonacci level of 50% at 1…


Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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