GBP/USD: all Moving Averages broken

GBP/USD: all Moving Averages broken

27-12-2017-GBP-H4.png

The price is still consolidating in a range of the triangle. The main intraday target is the next resistance at 1.3419 - 1.3445. This area could be a departure point for a decline towards the closest support at 1.3336 - 1.3319.

27-12-2017-GBP-H1.png

All the Moving Averages have been broken, so bulls are likely going to test the next resistance at 1.3419 - 1.3430. If we have a pullback from these levels, there'll be a moment to have a decline towards the closest support at 1.3369 - 1.3350.

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