GBP/USD: 'V-Bottom' pushing price higher
We've got a 'Pennant', so the pair is likely going to reach the nearest resistance at 1.3216 - 1.3257. A pullback from this area could be...
USD/JPY: "Window" acting as support
The 21 Moving Average has acted as support, so there's a "Belt Hold" pattern on this line. In this case, the price is likely going to test the next resistance by the last "Three Methods" pattern. If a pullback from this level happens, there'll be a chance to have another decline in the direction of the lower "Window".
The market is consolidating along the "Window". Also, there's a "High Wave" pattern at the local high. Therefore, the "Window" is likely going to act as support once again. If so, bulls are going to break the high of the last "High Wave".
Galya Svetlova
Similar
EUR/USD: 144 MA acted as resistance again
There's a 'Harami' pattern, which has been confirmed. However, if a pullback from the closest support at 1.1550 happens next...
EUR/USD: local bearish 'Tweezers'
If the 144 Moving Average acts as resistance, the market is likely going to test the nearest support at 1.1558...
Latest news
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...
Deposit with your local payment systems
