Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
GBP/USD: market to test the lower 'Window'
Information is not investment advice
The market is consolidating along the Moving Averages. Previously, we had a 'Three Methods' pattern, which has been confirmed. It's likely that the pair is going to test the lower 'Window' (1.2936) soon, which could be a departure point for a local upward correction towards the nearest resistance at 1.3036. If a pullback from this level happens next and the price brokes the 'Window', there'll be an opportunity to have a decline in the direction of the closest important support at 1.2775.
CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85.
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?
GBP/CAD made a huge leap to the upside yesterday and got above 1.65 and arrived at the resistance line from May.