GBP/USD - Bullish Price Action Pin Bar From Key Support
This pair dropped a large bullish pin bar today from the key support level down at 1.6660. We may get a dip back to intra-day support near 1.6700 before this market pushes higher again - it may well retest key resistance up at 1.6820 over the rest of this week if it can pick up some momentum.
USD/JPY - Price Basing At Key Support, Dropped Small Pin Bar Too
We've seen a lot of basing at key support in this market and a small bullish pin bar today. This pair may well start to push higher from here and move back to key resistance up near 104.00. The safest way to play a long trade would be to wait for a break above near-term resistance and the current consolidation range around 102.20 to trade with the momentum on our side.
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