Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD: local 'V-Top' pattern

The pair is going to reach the closest support at 1.3177 - 1.3143 soon. At the same time, if a pullback from these levels happens...

EUR/JPY: yen prefers waves

On the daily chart, EUR/JPY is fighting for an important level of 128.85. If buyers win, the odds of triggering “Ideal butterfly” and “Shark” patterns with targets at 127.2% and 88.6% will increase.

EUR/USD: bullish 'Engulfing'

The pair is likely going to test the next resistance at 1.1701. A pullback from this level could be a departure point for another decline...


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