the EUR/USD is showing a double divergence pattern, which could create a pullback towards the 144 ema around 1.2150. The GBP/USD could also build a retracement first within the larger uptrend.
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The EUR/USD is facing a hefty resistance zone at 1.23 and is expected to make a retracement first before the uptrend reaches new highs.
The GBP/USD broke above the long-term resistance trend line on the monthly chart and has space for a new high within wave 5.
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