EUR/USD: local bullish 'Engulfing'
The market is likely going to test the next resistance at 1.1836, which could be a starting point for a bearish correction...
GBP/USD: technical outlook from banks
Commerzbank
Commerzbank’s analysts remain their neutrally positive technical outlook for GBP/USD in the short-term. Last week, the pound reached 1.2966, then, moved into the consolidation phase. As long as the pound is trading above the April 21st low (1.2755) we can’t talk about the imminent reversal of the current short-term bullish trend.
BofA Merrill Lynch
The bank’s analysts got inspired by the idea of the snap election in the UK and turned positive on the GBP/USD.
The pair is trading above 200-day MA (1.2607). The current rally can be exhausted at around 1.3000. A drop below 1.2608 may send quotes lower towards 1.2515 (April 18 low), or towards 1.2346 (February low).
Credit Suisse
is long on the GBP/USD from 1.2934 with take-profit at 1.3120 and stop-loss at 1.2759.
Anastasia Mileshkina
Similar
GBP/USD: 'Pennant' pattern
The market is likely going to achieve the next resistance at 1.3172 - 1.3212 within the next few hours...
GBP/USD: 'V-Top' pattern led to decline
There's a 'Double Bottom', which has been confirmed, so the price is likely going to test the nearest resistance...
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
