There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
GBP/USD: price rising because of 'V-Bottom'
The price is rising because of the last 'V-Bottom' pattern. It's likely that the market is going to reach the next resistance at 1.3307 - 1.3341 in the coming hours. This area could be a starting point for a bearish correction.
There's a local 'V-Top' pattern, so we're likely going to have a downward correction during the day. However, if a pullback from the nearest support at 1.3253 happens next, bulls will probably try to achieve another resistance at 1.3318 - 1.3341.
The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
Google is going up. When are we to expect full recovery? This short technical analysis will give you some clues where to look at.
There has been some movement in the EUR/USD chart. What's happening?
The US-China relations are getting more tensed over Hong-Kong. How does that affect the USD?