GBP/USD: 144 MA acting as resistance

GBP/USD: 144 MA acting as resistance

Information is not investment advice

The 144 Moving Average is acting as resistance, so there're bearish patterns such a 'Shooting Star' and an 'Engulfing', which both have been confirmed. Thus, we should watch the nearest support at 1.2938 as the next target. If a pullback from this level happens next, there'll be a moment to have a local upward correction towards the previously tested resistance at 1.3119.





EUR/CAD is ready for a move

EUR/CAD has formed a couple of higher lows since October. The pair has managed to overcome the 50- and the 100-day MAs at 1.4588 and 1.4640 respectively.

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