GBP/USD: 55 MA acting as resistance

GBP/USD: 55 MA acting as resistance

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The price is consolidating along the "Window". The 55 Moving Average is acting as resistance. In this case, the pair is likely going to achieve the 144 MA in the short term.

1707usdjpyH1-1.png

There's a bearish "High Wave", which has been confirmed enough. So, the market is likely going to test the lower "Window". If any bullish pattern arrives afterwards, we could have an upward price movement towards the Moving Averages.

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