One of the most profitable pattern to trade i.e. Flag & Pole which was forming in USD/JPY has given breakout with good bullish candle and volumes. It is expected that it will resume it's uptrend now until it reaches it's major resistance.
The Major pair EUR/USD has given breakdown days before and retested the level and now has came back for retest at the same level. Might see a fall from here upto the next support. 50EMA is also providing rejection and trendline as well. Lower Highs and Lower Lows formation showcases weakness.
The Forex major has finally broke down the textbook h&s shoulder and also broke and retested 200 EMA. Also took rejection on Fib level of 38.20. Further fall can be seen in EURUSD. Nearest support can be seen at 1.16100 which is also a Fib level of 61.80.
The major pair has finally given breakout of the falling wedge and rallied upwards and now facing rejection at the zone. If it continues to face rejection, a strong downtrend will start which can bring it back to the levels of 1.1800
