EUR/USD: 144 Moving Average acted as resistance
We're likely going to have a local downward correction towards the 34 Moving Average. The following pullback from this line could lead to...
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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EUR/USD: 89 Moving Average acting as resistance
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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...
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