Fed Chair Powell Testifies
Gold has started a remarkable downside correction and stands on the key 23.6% retracement area after a failure to hold the 38.2% retracement area.
GBP/USD: bullish 'Engulfing' pattern
Information is not investment advice
The lower 'Window' and the 55 Moving Average have acted as support, so there's a bullish 'Engulfing' pattern. At the same time, there's a bearish 'Harami', which hasn't been confirmed yet. In this case, we should watch the 144 Moving Average as the nearest bearish target. If a pullback from this line happens next, bulls will probably try to reach another resistance at 1.3521.
Galya Svetlova
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