The GBP/USD pair has entered into a resistance zone on a 4 hour time frame (which is mentioned below). The price has gone deep in this resistance zone and this confirms that there may not be enough sellers to push the price down. We have also broken the downward wedge pattern and the projections of…
EUR/USD: The pair is trading above its upward trend line on a 4 hour time frame. The next support is near the 1.1058 level and the resistance is at 1.1581.
USD/JPY: The pair has pierced the lower band of the Bollinger band on a 4 hour time frame. The near term support is at 106.17 and the resistance is at 113.73.
GBP/USD: The pair is trading above its 50 (1.4456) and 100 (1.4315) day moving average on a 4 hour time frame. The next resistance is at 1.4844 and the support is 1.4121.