USD/JPY : trading at 8 month high
Ichimoku Kinko Hyo EUR/JPY: The pair is trading below the cloud…
EUR/GBP: 'Flag' led to another decline
Information is not investment advice
There's a 'Flag' pattern, which led to another decline. At the same time, we've got a local 'V-Bottom', so there's an opportunity to have an upward price movement towards the nearest resistance at 0.8596 - 0.8616. If a pullback from these levels happens little later on, bears will probably try to reach the previously tested support at 0.8483, which could be a starting point for a larger upward correction.
Sergey Logachev
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