GBP/JPY tests the upside
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
EUR/USD found a base
Information is not investment advice
Although EUR/USD has recently tested levels just above 1.11, buyers didn’t let the euro fall lower. On D1, we can clearly see that the second low set on Friday, May 3, was higher than the one of late April. The candlestick with the long lower wick gave EUR/USD bullish momentum. The pair is above the weekly pivot point (1.1199). It may now form a kind of harmonic pattern rising to 1.1260 (50-day MA) and even to 1.1320 (100-day MA).
Elizabeth Belugina
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GBP/JPY tests the upside
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
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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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