EUR/GBP: another 'V-Top' pattern

EUR/GBP: another 'V-Top' pattern

Information is not investment advice

There's another 'V-Top' pattern, but the market is consolidating. It's likely that the price is going to reach the previously tested support at 0.8483 soon. If any bullish pattern form on this level little later on, there'll be time for an upward correction in the direction of the nearest resistance at 0.8574 - 0.8594.




The outlook for the GBP

The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?

XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

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