The price is likely going to test the nearest resistance at 1.2882 - 1.2921 within the next few hours...
Tag - gbp
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
There's a 'V-Bottom', so we could have an upward correction. Even so, bears are likely going to test the next support...
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On the daily chart of EUR/GBP, bears couldn't break the support at 0.87 ( the bottom line of the longterm consolidation within the "Spike and ledge" pattern)
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We had a 'Thorn' pattern. There's also a 'V-Top', which has been confirmed, so the price is likely going to test the next support...
Watch how to trade the US Dollar index and GBP/USD on today's releases!
We should watch the nearest support at 1.2953 - 1.2930 as an intraday target for GBPUSD...
Irregular bullish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with narrowing channel of Tenkan-Kijun.
On the daily chart of GBP/USD, bulls could return the pair to the upper border of the downward channel.
The following pullback from the nearest resistance at 1.2930 - 1.2953 could lead to another decline in the direction of the next support...