We've got a "Double Bottom", which has been confirmed. Bulls faced resistance at 1.2793.
Daily Market Analysis
There's a consolidation, which is taking place between the levels 1.1234 - 1.1161. Also, the price broke the Moving Averages.
On the daily chart, GBP/USD broke down through the lower border of the rising trend channel…
EUR/CAD approached support level 1…
USD/CAD broke pivotal support level 1…
We've got a "Harami" on the 89 Moving Average, but this pattern hasn't been confirmed yet.
There's a developing consolidation, but we've got a confirmed "Inverted Hammer" on the 55 Moving Average.
There's a diagonal triangle in wave (v) of [c], so wave 2 may be ended. In this case, we're likely going to have wave (i).
The price is consolidating between the levels 1.2678 - 1.2634. Also, there's a "Pennant" pattern.
There's a "Double Top", which has been confirmed. Therefore, bears are likely going to reach the closest support.
GBP/USD broke support zone Next sell target - 1…
EUR/GBP reached buy target 0…