GBP USD, “Great Britain Pound vs US Dollar”
At the H4 chart, the GBP/USD pair is still falling and forming Hanging Man, Engulfing, Hammer, Doji, and Shooting Star patterns to define the borders of the descending channel. By now, the price has broken the support level at 1.3200. The downside target is at 1.3100.
USD CAD, “US Dollar vs Canadian Dollar”
At the H4 chart, the USD/CAD pair formed the ascending channel with Harami, Hammer, Doji, Engulfing, Stick Sandwich, and Hanging Man reversal patterns to define its borders. The price stopped at the support level and formed several Doji candlesticks. The upside target is still the resistance level at 1.2552.
RoboForex Analytical Department