GBP/USD: all Moving Averages broken

GBP/USD: all Moving Averages broken


All the Moving Averages have been broken. It's likely that the price is going to test the next support at 1.2844 - 1.2763. However, if a pullback from this level happens next, bulls will probably try to reach the closest resistance at 1.2880 - 1.2911.


The last 'Pennant' has been broken, so the price is likely going to reach the nearest support at 1.2844 - 1.2763. This area could be a departure point for an upward correction in the direction of another resistance at 1.2880 - 1.2911.



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