GBP/USD: all Moving Averages broken

GBP/USD: all Moving Averages broken

9-7-2018-GBP-H4.png

All the Moving Averages have been broken, so the pair is likely going to test the next resistance at 1.3370 - 1.3397. If a pullback from these levels happens next, we should keep an eye on the 89 Moving Average as a target for an upcoming downward correction.

9-7-2018-GBP-H1.png

We've got a 'Breakaway Gap', so the market is rising. It's likely that the price is going to achieve the next resistance at 1.3370 - 1.3397. Meanwhile, a pullback from this area could be a starting point for a decline towards the closest support at 1.3314 - 1.3291.

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