Daily Briefing – US Futures Flat Ahead of Building Permit Data
– UR/USD: The pair has broken its descending triangle pattern towards the downside on a 60 minute time frame. The projection of this is 1.1160. The next resistance is at 1.1494 and the support is at 1.1160.
– USD/JPY: The pair had formed a reverse head and shoulder pattern on a 60 minute time frame. The next resistance is at 120.55 and the support is at 117.78.
– GBP/USD: The pair has entered in a resistance zone of (1.5447-1.5530) on a 60 minute time frame. The resistance is near the 1.5723 and the next support is at 1.5247.
