GBP/USD: market to test the lower 'Window'
The market is consolidating along the Moving Averages. Previously, we had a 'Three Methods' pattern, which has been confirmed...
USD/JPY looking to strengthen the bears
USD/JPY has been reading a bearish sequence across the board and currently, a sideways range has appeared in the scene, helping to cap further advances in the pair above the resistance level of 109.76, at which lies the Fibonacci zone of 50%. That area represents an interesting area for sellers and if it holds, we can expect a decline to take place towards -23.6% at 108.03.
To the upside, the mentioned scenario could get invalidated with a breakout above 109.75, which should open the doors to test the 110.43 level. RSI indicator remains in the negative territory.
Felipe Erazo
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AUD/CAD falling inside impulse waves 3 and (C)
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…
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