the EUR/USD uptrend needs a pullback first before aiming at the next target zone at 1.18. The GBP/USD broke above the 1.2750 resistance and seems ready for a move towards 1.30.
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The EUR/USD showed a massive bullish momentum candle on the weekly chart last week and a continuation higher is likely.
The GBP/USD needs a bull flag pattern that respects and stays above the 21 ema zone on the 4 hour chart.
Check out the video below for the full analysis and trade plans on 27 – 28 July 2020: