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The GBP/USD pair went back and forth during the day on Tuesday as we continue to test the 1.24 level for support. Recently, we have been consolidating and I think given enough time we will find enough support on short-term charts to start buying the British pound again and aiming for the 1.2550 level above. It is a market that desperately need some type of impulsive candle to place any real faith in a longer-term trade, so in the meantime I think short-term trading is about as good as this will …
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GBP JPY
The GBPJPY pair cancelled the bullish pattern by declining towards 160.00 level, affected by intraday negativity by moving below the moving average 55 again, while settling below 162.00 now allows us to suggest some negative trading and attempt to reach 157.35, followed by monitoring the price behavior to detect the next trend.
Stochastic forming to negative wave and settling below 50 level supports the negative domination for the near term trading, to keep waiting to reach the expected target…