GBP/USD: price consolidating along MA

Read the article on FBS website

21-2-2018-GBP-H4.png

The price is consolidating along the Moving Averages. The main intraday target is the next support at 1.3835. If a pullback from this level happens, there'll be a moment for a bullish price movement towards another resistance at 1.4011 - 1.4066.

21-2-2018-GBP-H1.png

The pair has been declining since the last "V-Top" pattern formed. It's likely that the market is going to test the nearest support at 1.3875 - 1.3835 in the coming hours.

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.