GBP/USD: time for local downward correction

GBP/USD: time for local downward correction


There's a 'V-Bottom', so the price is rising. Meanwhile, it's likely to have a downward correction soon. In this case, we should keep an eye on the closest support at 1.3189 - 1.3170 as a starting point for another bullish rally.


We've got a 'V-Top', which has been confirmed. The main intraday target is the next support at 1.3189 - 1.3170. If a pullback from this area arrives little later on, there'll be an opportunity to have an upward price movement towards the nearest significant resistance at 1.3289 - 1.3309.




EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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