If the support level is not broken, after a small consolidation, it is possible to move up to the resistance level or higher.
The Euro is more than 5 days in a small range. It is possible to move downward according to model 3w.
It is possible to consolidate with a break both up and down.
For more than 12 trading days, the pound is in a small range. A break in the range can cause a short-term movement with a target of around 160 points. In my opinion, it is more likely to move up.
Possible to turn downwards with the target level in the area of the support level.
Breakdown of short-term consolidation may be the beginning of an upward trend correction or a trend reversal. We can consider the possibility of opening a short position with a good profit factor.
Formation of consolidation. In my opinion, the likelihood of an upward movement is higher than the probability of a downward movement.
A descending "Head and shoulders" model may be formed.
Breakthrough up the long-term downward resistance line may end in failure. In this case, it is possible to move down to the long-term ascending line of support for long-term consolidation.
The index is stuck in a small range. A range break down is possible.
If the level of 1.2948 is not broken up, publication of good NFP data may cause the pound to move down to the area of 1.2720.
The price of gold is in the middle between long-term support / resistance levels. An upward trend may lose momentum. The dimension of the movements upwards is reduced. The size of the rollbacks is increasing. The closer the summer, the stronger the influence of seasonal decline in gold prices. If the upward trend does not get support in the coming weeks, work...
A break down of the support level of the Nikkei index may cause a simultaneous decrease in the yen.