GBP/USD: three bullish "Thorns" in a row

GBP/USD: three bullish "Thorns" in a row


There are three bullish "Thorn" patterns in a row, so the price is rising. The main intraday target is the next resistance at 1.3336 - 1.3370. If a pullback from these levels happens little later on, there'll be an option to have a decline in the direction of the nearest support at 1.3298 - 1.3278.


There's a "Triangle" pattern, which upper side has been broken, so the price is still rising. It's likely to have a bearish correction in the short term. However, if we have a pullback from the closest support at 1.3298 - 1.3278, we could have just another bullish rally.



AUD/USD on its way to reach new highs

AUD/USD has been trading in a rebound made from the 200 SMA at H1 chart, which is helping to strengthen the bullish bias across the board and put the pair in the scenario to reach the Fibonacci zone of -23…


Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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