The last 17 4 hour candles on GBP/USD formed a Rising Wedge pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 1.2365.
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If you’re long USDCHF you should be aware of the rapidly approaching level of 0.7937
USDCHF is about to retest a key horizontal support level near 0.7937. It has tested this level 5…
EURJPY – Large moves like this tend to draw attention.
EURJPY reached 172.4555 after a 0.79% move spanning 11 hours.
EURAUD is quickly approaching the resistance line of a Channel Down. We expect either a breakout through this line or a rebound.
EURAUD was identified at around 1.780935 having recently rebounded of the support on the 4 hour data interval.…