It seems that EUR/GBP has finally broken out of the range within which it was trading in March and April.
Tag - gbp
We've got a 'Three Methods' pattern, so the market is likely going to test the next support at 1.2777 in the short term...
There's a bearish 'Pennant' pattern, so it's likely that the market is going to reach the next support...
GBP/CAD met the resistance of the 50-month MA in the 1.7765 area.
Trade on the news
GBP/USD formed a lower high just above 1.30 (psychological level, 50-week MA).
What key releases will move the markets this week?
There are many ways to bet on the decline in the British pound.
We've got a bearish 'Thorn', so the market is likely going to test the nearest support 0.8543 - 0.8556 in the short term...
It's likely that the pair is going to continue falling down towards the next support at 143.32 - 143.02 in the short term...
We've got a bearish 'Harami', but this pattern hasn't been confirmed yet. Thus, it's likely to have a local correction to...
What will happen to markets this week