GBP/USD: "Thorn" pattern

GBP/USD: "Thorn" pattern


There's a "Thorn" pattern, so the price is consolidating. The main intraday target is the nearest support at 1.3150 - 1.3109. If a pullback from this area happens little later on, bulls are likely going to reach the next resistance at 1.3182 - 1.3238.


The price is consolidating under the Moving Averages. Also, there's a "Thorn" pattern, which has been confirmed. Therefore, the pair is likely going to reach the nearest support at 1.3150 - 1.3153. This area could be a departure point for another upward price movement.



EUR/USD: possible ending diagonal

We're likely going to have wave [iii] inside this pattern. So, we should keep an eye on +2/8 MM Level as the next bullish target...


EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

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