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GBP/USD: confirmed 'V-Bottom'

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There's a 'V-Bottom', which has been confirmed, so the price is rising. The main intraday target is the nearest resistance at 1.3102 - 1.3137. A pullback from this area could be a starting point for another decline towards 1.3004 - 1.2982.

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We've got a 'Pennant' pattern, which has been broken. Meanwhile, it's likely to have a local downward correction, so we should watch the closest support at 1.3025. If a pullback from this level happens afterwards, bulls will probably try to test the next resistance at 1.3094 - 1.3107.

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