GBP/USD: "V-Top" pushed price lower

GBP/USD: "V-Top" pushed price lower


There's a "V-Top" pattern, which pushed the price lower. The main intraday target is the nearest support at 1.3298 - 1.3278. If a pullback from these levels happens little later on, we could have just another upward price movement towards the next resistance at 1.3359 - 1.3382.


The 34 Moving Average is acting as support, so bulls are likely going to test the closest resistance at 1.3336 - 1.3359. However, if we have a pullback from this area, there'll be an opportunity to have a decline in the direction of the nearest support at 1.3298 - 1.3278.



EUR/USD: possible ending diagonal

We're likely going to have wave [iii] inside this pattern. So, we should keep an eye on +2/8 MM Level as the next bullish target...

USD/JPY: bearish "Harami"

The pair is likely going to test the upper "Window", which could be a departure point for a downward correction...


EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

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