Pound enter consolidation mood while still within negative territory ahead of Article 50 to be triggered, downside seems capped around 1.2130 level, and upside 1.22 is key resistance level.
Eur/Usd break above the key resistance zone 1.0700/10 would confirm further upward trend extension.
EUR/USD broke out above 1.0680, eventually reaching 1.0713 before
bouncing off from it and it will likely retrace back to 1.0650 - 1.0640.
EUR/USD found some resistance at 1.0820 and after forming a hanging man
candlestick on the four-hour time-frame it started mostly consolidating
sideways. The move to the upside towards 1.0850 will likely continue.
GBP/USD forecast
USD/CAD Analysis
Eur/usd
GBP/USD bounced off from 1.2425 after forming a spinning top candlestick on the one-hour time-frame, the pair will likely continue rising towards 1.2500 again.
GBP/USD continues moving to the upside despite the doji candlestick on the daily time-frame at the resistance at 1.2500. The closest target is likely at 1.2550.
EUR/USD continues consolidating below the resistance at 1.0820. Unless fundamentals tomorrow cause greater volatility that probably won't change before the market closes.
The pair bounced off from 1.2530 after forming a doji candlestick and
a shooting star candlestick at that level on the four-hour time-frame,
it will likely retrace back to 1.2440 - 1.2430.
GBP/USD forecast
USD/CAD Analysis
USD/CAD, good buy today?
Eur/Usd broke out of its consolidation range with a nearly 40 pips up gap, it may suggesting the likelihood of upward extension to 1.0870 zone.
Gbp/Usd pushed higher towards 1.2530 level in response to Dollar weakness but still within the range, a break above 1.2530 level would lead to 1.2569/70 zone.
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register