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GBP/JPY: 'Pennant' led to new local high

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.




USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

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