EURUSD : targets in medium term 1.20 area and higher
Ichimoku Kinko Hyo GBP/JPY: The pair is trading above the cloud…
EUR/GBP: there's a 'V-Bottom' pattern
Information is not investment advice
There's a 'V-Bottom' pattern, which led to the current upward price movement. The market has broken all Moving Averages lines, so there're a 'Triangle' and a 'Pennant' patterns. Thus, it's likely that the pair is going to reach the next resistance at 0.8767 - 0.8792 in the short term. If a pullback from this area happens thereafter, then bears will probably try to test the closest support at 0.8699 - 0.8681.
Sergey Logachev
Similar
US Dollar stands near 2.5 weeks lows. What comes next ?
Ichimoku Kinko Hyo USD/JPY: The pair is trading below the cloud…
USD/CAD : falls after jobs report but runs into wall of USD buying
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
Popular
Follow PepsiCo’s earnings report
PepsiCo will publish its financial results for the first quarter of this year on April 15 at 13:00 MT. Be prepared!
EURUSD : targets in medium term 1.20 area and higher
Ichimoku Kinko Hyo GBP/JPY: The pair is trading above the cloud…
Coca-Cola: time for new all-time highs?
Coca-Cola reports its quarterly earnings for the first quarter of 2021 on April 19, 12:30 MT time. What will be the possible impact on the stock price?
Choose your payment system
