GBP/USD: bullish 'Doji'

GBP/USD: bullish 'Doji'

Information is not investment advice

There's a bearish 'Three Methods', which led to the current decline. At the same time, there's a bullish 'Doji', but confirmation of this pattern is quite weak. Thus, it's likely to have a local upward correction towards the nearest resistance at 1.3030 and the Moving Averages. The subsequent pullback from these levels could be a starting point for another decline towards the next support at 1.2780.

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Levels for trading USD/CAD

To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).  

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