GOLD: after-breakout consolidation
What happened? Gold was just above $1 800, now - back down below?
GBP/JPY: 'Pennant' led to new local high
Information is not investment advice
The last 'Pennant' has been broken, so the price is rising and we've got a new local high. Meanwhile, it's likely to have a local downward correction towards the closest support at 145.98 and the Moving Averages. The subsequent pullback from these levels could lead to another bullish price movement in the direction of the next resistance at 148.56 - 148.86.
Sergey Logachev
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