GBP/USD has been consolidating between 1.3120 and 1.3010. Yesterday the pair broke below the support of the short-term triangle.
Tag - usd
The US currency has been in the period of consolidation since the start of the year.
Check the key levels for EUR/USD and GBP/USD ahead of the US release
EUR/USD and EUR/CAD are the best options for today.
The price action seen at the H4 chart resembles an inverted “Head and Shoulders” pattern with a neckline at 1.1250.
The economic calendar is almost empty but we will use this as an opportunity to consider currency pairs from a longer-term perspective.
NZD/USD closed last week below the declining 50-week MA (0.6765).
Watch this video for this week's success!
The market awaits NFP
The release of the US and Canadian data at 15:30 MT time will bring substantial volatility to the pair.
What will drive the market today?
News will move the market today!