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GBP/USD: price to test 34 Moving Average

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2-5-2018-GBP-H4.png

There's a local bullish 'Double Bottom', so the price is consolidating. At the same time, if a pullback from the closest resistance at 1.3656 - 1.3711 happens afterwards, bears are likely going to test the next support at 1.3612 - 1.3549.

2-5-2018-GBP-H1.png

We're likely going to have an upward correction because of the last 'Double Bottom' pattern. So, we should keep an eye on the 34 Moving Average as an intraday bullish target.

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