GBP/USD: "Triple Top" pattern

GBP/USD: "Triple Top" pattern


The last bearish "Double Top" led to the current decline. It seems like bears are ready to move on, so we could have a new local low soon. At the same time, there's an opportunity to have an upward correction afterwards. The main bullish target is the nearest resistance at 1.3182 - 1.3227.


The market has plunged because of the last "Triple Top" pattern. The price is likely going to reach the next support at 1.3061 - 1.3047 during the day. If we have a pullback from this area, bulls will probably try to test the closest resistance at 1.3150 - 1.3182.



USD/JPY: "Doji" pattern

The 21 Moving Average acted as resistance, so the pair is likely going to test the lower "Window" soon...


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