GBP/USD: "V-Bottom" stopped bears

GBP/USD: "V-Bottom" stopped bears


The last upward trend has been broken, so the price meet with support at 1.2755, which led to forming a "V-Bottom" pattern. Therefore, the market is likely going to rise towards the nearest resistance at 1.2913. If a pullback from this level happens, there'll be an opportunity to have a decline towards support at 1.2755 - 1.2705.


The price faced support at 1.2755, so we've got a "V-Bottom". In this case, we're likely going to have another upward price movement towards resistance at 1.2887 - 1.2905, which could be a departure point for a decline in the direction of the next support at 1.2755 - 1.2705.



EUR/USD: bullish wave [iii]

There's a pullback from 4/8 MM Level, so the price is rising. It's likely that we're going to have bullish wave...


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