GBP/USD: 'Thorn' pattern points to correction
We should watch the nearest support at 1.2953 - 1.2930 as an intraday target for GBPUSD...
USD/CHF: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart. The 50 SMA is also helping to guide further declines in the pair, but we’re now expecting a strong support to be found in the 0.9700 level. Such level should help to activate take profit orders that would allow a corrective move towards the 50% Fibo level at 0.9807. If the pair manages to pull back around that area, the next target should be the -23.6% zone at 0.9648.
RSI indicator remains strong in the oversold territory.
Felipe Erazo
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The following pullback from the nearest resistance at 1.2930 - 1.2953 could lead to another decline in the direction of the next support...
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GBP/USD: confirmed "Thorn" pattern
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
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