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.




XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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