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GBP/USD: all Moving Averages broken

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20-2-2018-GBP-H4.png

There's a "V-Top" pattern, so the pair is likely going to test the 89 Moving Average soon. If a pullback from this line arrives afterwards, there'll be an opportunity to have an upward price movement in the direction of the next resistance at 1.4011 - 1.4066.

20-2-2018-GBP-H1.png

All the Moving Averages have been broken, so the price is declining. The main intraday target is the closest support at 1.3875 - 1.3845, which could be a departure point for another bullish rally.

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