GBP/USD: pair consolidating under Moving Averages
There's a 'V-Bottom', which has been confirmed, so the market is likely going to test the closest resistance at 1.2658 - 1.2695...
USD/JPY: bearish "Three Methods"
We've got a bearish "Three Methods", but there's a local bullish "Harami" pattern, which has been confirmed. So, the market is likely going to test the closest resistance level, which could lead to another decline.
There's resistance by the Monday's "Window". However, we've got a confirmed bullish "Hammer", so the pair is likely going to test the Moving Averages. If a pullback from these lines happens, bears will try to deliver a new local low.
Galya Svetlova
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EUR/USD: no any reversal pattern so far
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GBP/USD: confirmed 'Double Top'
The market is likely going to reach the nearest resistance at 1.2634 - 1.2658. The subsequent pullback from this area...
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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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