The price is going to achieve the nearest resistance at 1.1413 soon. A pullback from this level could turn out...
Daily Market Analysis
There's a moment for a bearish correction, so we should watch the closest support at 1.2857 - 1.2930 as a target...
The downside correction is long due in XAU/USD. Gold is stuck ahead of resistance at 1298.50.
EUR/CAD has approached the support line from the end of October.
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The market is going to reach the closest resistance at 1.1429. A pullback from this level could be a starting point for a decline...
If a pullback from the nearest support could lead to an upward price movement towards the next resistance...
The pound has made 2 sharp declines in January but then was bought back and quickly rebounded.
It looks like the downside is still not finished.
There's a bearish 'Three Methods' pattern, so the price is likely going to test the next support at 1.1363 soon...
We should watch the closest important resistance at 1.2930 - 1.2057 as an intraday target...
On W1, GBP/CHF is trading in a descending wedge. The pair recoiled from the pattern’s lower border and turned up.