USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
GBP/USD: 'V-Top' pattern
There's a 'V-Top' pattern, so the price is declining. It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for a bullish price movement in the direction of the nearest resistance at 1.3094 - 1.3101.
We've got a 'Triple Three', which led to the current decline. The main intraday target is the closest support at 1.2994 - 1.2977. If a pullback from these levels happens next, we're likely going to have an upward correction towards another resistance at 1.3032 - 1.3069.
Sergey Logachev
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Latest news
USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
The outlook for the GBP
The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?
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