🌐 Market Outlook#price-action#outlook#weekly#candlestick
W
Wolf Alpha
Trader ·
Price Action Weekly Outlook: Key Patterns Forming Across Major Pairs
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Weekly price action pattern review — what the charts are telling us:
**EUR/USD (Daily):**
Morning star forming at 1.0790 support. If today closes as a strong bullish candle, the pattern is confirmed. Bullish bias next week toward 1.0880.
**GBP/USD (Daily):**
Inside bar forming at the 1.2660 level. Watch next week: break above 1.2710 = long continuation; break below 1.2620 = short acceleration.
**USD/JPY (Weekly):**
Weekly doji at 155.00 — indecision at a major level. Wait for next week's weekly candle for resolution.
**Gold (4H):**
Bearish engulfing at $2,400. Short-term correction likely to $2,340–$2,360 before potential new ATH attempt.
**AUD/USD (Daily):**
Double bottom forming at 0.6480 with 3-week gap between the two touches. A close above 0.6540 confirms the double bottom and projects to 0.6600.
What price action patterns are you monitoring this week?