Equity markets were very heavy yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
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.
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