- GBPUSD rejected thrice at 50DMA and trading between interesting trend lines on the four-hour chart. A foot print above 1.2980 opens to 1.3030 and 1.3080. Safe buying available only above 1.3030. The daily oscillator remains bullish. Earlier we have advised a bullish trade at 1.2800 with a target at 1.2940/1.2960. The cable made a high at 1.2978.
- GBPAUD and GBPCAD currently trading on a verge of a breakout through the descending trend line on the daily chart. GBPAUD already gave a range breakout of 190 pips.
- GBPNZD spotted with an inverse H&S pattern on the H4 chart. The pattern target aiming at 1.8040, 1.8100 and 1.8140, On the daily chart a clear breakout visible through a symmetrical triangle. A strong close above 1.8000 major trend reversal is highly likely. In this case 1.8150 and 1.8350 possible.
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