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GBP/USD: BEARISH "PENNANT" 07:09 21.06.2017 The last "Rising Wedge" has been broken. In this case, the pair is likely going to achieve the nearest support at 1.2581 - 1.2514. If a pullback from this area happens, there'll be an opportunity to have an upward correction towards the closest...

EUR/USD: BEARISH "FLAG" 07:06 21.06.2017 The 89 Moving Average has been broken, so the price is consolidating. Therefore, the market is likely going to test the nearest support at 1.1108 - 1.1075. If a pullback from this area happens, there'll be an opportunity to have another upward price...

USD/JPY: YEN IS PLAYING WITH SHARK 06:31 21.06.2017 On the USD/JPY daily chart, target 88.6% of the inverted Shark pattern has been achieved. The risks of the pullback towards 23.6%, 38.2% and 50% levels within the transformation of the Shark pattern into pattern 5-0 increased. Rebounds from...

GOLD IS SQUEEZED IN THE CHANNEL 06:27 21.06.2017 On the daily chart of gold, quotes approached the lower border of the upward trading channel. A successful test of the support with the subsequent breakout of the neckline of the Head and shoulders pattern located near $1,230 may result in a...

MORNING BRIEF FOR JUNE 21 06:03 21.06.2017 These last two days passed without any key data releases, but with more UK political uncertainty (the UK government is still not formed), an extremely dovish Mark Carney overlaid with a significant downfall in oil prices. The yen was the Constant Tin...

GBP/USD: POUND FORMED NEW LOCAL LOWS 05:34 21.06.2017 Technical levels: support – 1.2570; resistance – 1.2650. Trade recommendations: Buy — 1.2570; SL — 1.2550; TP1 — 1.2650; TP2 — 1.2710. Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; the cancelled dead cross of...

EUR/USD: EURO GOING TO 4W-LOWS 05:33 21.06.2017 Technical levels: support – 1.1060; resistance – 1.1140. Trade recommendations: Sell — 1.1130; SL — 1.1150; TP1 — 1.1080; TP2 – 1.1060 Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; the cancelled dead cross of Tenkan-sen and...

GBP/CAD REVERSED FROM RESISTANCE ZONE 17:46 20.06.2017 GBP/CAD reversed from resistance zone Next sell target - 1.6520 GBP/CAD recently reversed down from the resistance zone lying at the intersection of the resistance level 1.7000 and the lower trendline of the daily up channel from January...

GBP/AUD FALLING INSIDE MINOR IMPULSE WAVE 1 17:44 20.06.2017 GBP/AUD falling inside minor impulse wave 1 Next sell target - 1.6450 GBP/AUD continues to fall inside the minor impulse wave 1, which belongs to the sharp primary impulse wave ? from the start of May. The price earlier broke through...

USD/JPY: "HIGH WAVE" AND "THREE METHODS" 13:20 20.06.2017 We've got a bearish "Harami" at the local high. Therefore, bears are likely going to test the 21 and 55 Moving Averages. If a pullback from these lines happens, there'll be an opportunity to have another upward price movement towards...

EUR/USD: "DARK CLOUD" PATTERN 13:17 20.06.2017 The last "Dark Cloud" pattern led to the current decline. Also, the 89 Moving Average is acting as support, so the market is likely going to test the 55 MA in the short term. If a pullback from this line happens, bears will have a green light to...

EUR/USD: ANOTHER BEARISH IMPULSE 10:58 20.06.2017 Wave 2 may have been formed like a zigzag, so there's a bearish impulse in wave (i). In this case, we're likely going to have another impulse in wave (iii) in the short term. The main intraday target is 2/8 MM Level. There's a pullback from...

GBP/USD: BULLS GOING TO TEST CLOSEST RESISTANCE 07:30 20.06.2017 There's a developing "Rising Wedge". The price is testing the lower side of this pattern. So, the pair is likely going to test support at 1.2705 - 1.2678. Meanwhile, if a pullback from this area arrives, we should keep an eye on...

EUR/USD: BROKEN UPTREND 07:26 20.06.2017 The price has broken the last uptrend, but the 89 Moving Average acted as support. However, the market is likely going to continue moving down towards the next support at 1.1131 - 1.1108. If we see a pullback from this area, there'll be an opportunity...

GBP/USD: POUND DREAMS OF WAVES 06:13 20.06.2017 Recommendations: BUY 1,291 SL 1,2855 TP1 1,291 TP2 1,294, SELL 1,264 SL 1,2695 TP1 1,251, TP2 1,245. On the GBP/USD daily chart, there is consolidation in the trading range of 1.264 - 1.28. If quotes move beyond the upper border of the range...

NZD/USD: KIWI VOTES FOR THE CORRECTION 06:11 20.06.2017 Recommendation: SELL 0,72 SL 0,7145 TP1 0,7085 TP2 0,701 On the NZD/USD daily chart, target 88.6% of the inverted Shark pattern has been achieved. At the present moment, there is a risk of a pullback towards 38.2%, 50% and 61.8% levels...

MORNING BRIEF FOR JUNE 20 05:49 20.06.2017 Fed Dudley was a superstar of yesterday’s trading sessions. In the absence of any significant economic data overnight, the market’s focus was on Fed member Dudley who gave an upbeat assessment to the US economy and forecasted a further increase in...

USD/JPY: DOLLAR IS OVERBOUGHT 05:37 20.06.2017 Technical levels: support – 111.20, 110.50; resistance – 111.90/112.00. Trade recommendations: Sell — 111.90; SL — 120.10; TP1 — 111.20; TP2 — 110.500. Reason: weak bullish Ichimoku Cloud, horizontal Senkou Span A and B; a golden cross of...

AUD/USD: AUSSIE READY TO GO HIGHER 05:35 20.06.2017 Technical levels: support – 0.7580-0.7600; resistance – 0.7670, 7700 Trade recommendations: Buy — 0.7600; SL — 0.7580; TP1 — 0.7670; TP2 — 0.7700. Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen...

EUR/USD: WAVE (III) ABOUT TO END 12:20 19.06.2017 Wave 2 may have been formed, cause there's a pullback from 4/8 MM Level. Also, there's a bearish impulse in wave (i), so the price is rising in wave (ii). If we've got another pullback from 4/8 MM Level, bears are likely going to deliver wave...