GBP/USD: "V-Top" pattern
Read the article on FBS website
The 34 Moving Average has acted as resistance, so there's a "V-Top" pattern. In this case, we could have a decline towards the nearest support at 1.3799 - 1.3763. If a pullback from this area forms little later on, there'll be a moment to have another bullish price movement.
The price is consolidating between the Moving Averages. The main intraday target is the closest support at 1.3799 - 1.3763. If we have a pullback from these levels, bulls will probably try to test the next resistance at 1.3875 - 1.3904.