GBP/USD: 'V-Bottom' pushing price higher
Read the article on FBS website
There's a 'V-Bottom', which pushed the price higher. Also, we've got a 'Pennant', so the pair is likely going to reach the nearest resistance at 1.3216 - 1.3257. A pullback from this area could be a starting point for a downward correction to 1.3146 - 1.3114.
The last 'Pennant' has been broken, but the market is testing the closest resistance at 1.3193. So, there's an opportunity to have a local correction to 1.3149 - 1.3109. If a pullback from this area happens next, there'll be time for another bullish rally.