GBPUSD is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of GBPUSD could test 1.3344 within the next 17 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Supported by Upward sloping Moving Average
Target: 1.3344 Entry: 1.3298 Stop: 1.3271
Emerging Rectangle pattern in its final wave was identified on the USDJPY 1 hour chart. After a strong bearish run, we find USDJPY heading towards the upper triangle line with
USDCHF was identified at around 0.79537 having recently rebounded of the resistance on the 4 hour data interval. Ultimately, the price action of the stock has formed a Descending Triangle
A Channel Up pattern was identified on DAX 40 at 23083.0, creating an expectation that it may move to the support line at 22428.5727. It may break through that line