EUR/USD remains firmly in bear grip
The EUR/USD pair came under strong selling pressure in the early trading hours of the American session and touched its lowest level since April of 2017 at 1.0786 before staging a rebound.
FX:GBPJPY On the daily chart, the formation of the reversed head and shoulders is visible. Recently, the right formation arm was formed. This caused a strong sale. Today's day will be crucial for GBP/JPY . If on the daily chart we see a stoppage of sales and a candle formation is formed, the next goal should be 149.26 .
FX:USDJPY For a long time, we have been tagging JPY's weakness. After raising the interest rate increase, the USD increased and thus raised the USD/JPY price level. Technically, you can see symetrical triangles. You need to look for confirmation in the candelstick formation.
FX:GBPUSD On the GBP/USD pair, the price fluctuates in the bearish channel. This channel is part of a larger formation with longer intervals H4, D. This is a flag formation. Currently, the price is within the scope of support. On H4 created a pin bar ,that can change price level and a reflection from support.
