GBP/NZD reversed from resistance zone
GBP/NZD reversed from resistance zone Next sell target - 1…
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.
Sergey Logachev
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Morning brief for May 30
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
CHF/JPY broke powerful resistance level 115.15
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