GBP/USD: "V-Top" pattern

GBP/USD: "V-Top" pattern


The price faced resistance at 1.2913, so we've got a "V-Top" pattern, which pushed the price lower. Therefore, the market is likely going to decline in the direction of the nearest support at 1.2816 - 1.2793. If we see a pullback from this area, there'll be a chance to have bullish price movement in the direction of the next resistance at 1.2913 - 1.2945.


Bulls found resistance at 1.2932, which led to forming a "V-Top" pattern. So, the pair is likely going to test the closest support at 1.2816 - 1.2793. If a pullback from these levels happens, there'll be a green light for another bullish rally towards resistance at 1.2905 - 1.2935.



GBP/USD: 'V-Top' pattern

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...



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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