The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
GBP/USD: price testing the 34 Moving Average
There's a "Double Top" pattern, so the pair is likely going to test the nearest support at 1.3928. Meanwhile, if a pullback from this level happens little later on, there'll be an opportunity to have an upward price movement.
The price is testing the 34 Moving Average. If this line turns out to be broken, bears are going to test the next support at 1.3928. If a pullback from this level happens, we should keep an eye on the nearest resistance at 1.4069 - 1.4087 as an intraday target.
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.