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GBP/USD: 'Morning Doji Star' pattern

GBP/USD: 'Morning Doji Star' pattern

Information is not investment advice

We've got a 'Morning Doji Star'. Considering confirmation of this pattern, the pair is likely going to reach the closest resistance at 1.2885. If a pullback from this level happens next, there'll be a green light for a decline in the direction of the previously tested support at 1.2473.

2705gbpusd.png

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Is gold ready to shoot up?

Gold price formed a bearish harmonic ‘Butterfly’ pattern. Still, the detour to $1760 may be the decline it forecasts. In addition, even the pattern allows expecting the increase up to $1780.

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