GBP/USD: all Moving Averages have been broken

GBP/USD: all Moving Averages have been broken

18-4-2018-GBP-H4.png

The main trend is still bullish, but the last 'Thorn' pattern led the current decline. So, the pair is likely going to test the closest support at 1.4144 - 1.4119, which could be a starting point for an upward price movement in the direction of the nearest resistance at 1.4243 - 1.4262.

18-4-2018-GBP-H1.png

All the Moving Averages have been broken. The main bearish target is the next support at 1.4144 - 1.4119. If a pullback from these levels happens little later on, there'll be an opportunity to have a bullish price movement towards another resistance at 1.4230 - 1.4243.

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