GBP/USD is having a third bullish week in a row.
Tag - usd
America will release more economic figures on Tuesday and Friday, and USD/JPY should be one of the most active movers on the news.
USD/JPY is forming on the H1 what looks like a bearish “Butterfly” pattern. Learn more!
The upcoming days are going to contain lots of important economic events. Let’s go through them together in order to prepare for profitable trading.
NZD/USD failed to overcome the resistance at 0.6430: yesterday’s close below 0.6385 confirmed the short-term victory of sellers.
Technical analysis of EURUSD
GBP/USD regained some ground on the weakness of the USD and the optimism about Brexit.
EUR/USD formed a bearish candlestick with a big upper wick on the weekly chart.
There’s a scope for an advance to the 2018 resistance line at 112.80.
On D1, the pair formed a bearish “shooting star” candlestick ahead of the resistance line from December high.
EUR/USD will remain under negative pressure as long as it stays below the weekly pivot point at 1.1262.
GBP/USD is trading below the weekly pivot level at 1.2707.