GBP/USD: another local 'V-Top" pattern

GBP/USD: another local 'V-Top" pattern


The market has been declining since the last 'Thorn' pattern formed. Meanwhile, if a pullback from the closest support at 1.3964 - 1.3928 happens, there'll be an opportunity to have a bullish correction in the direction of the nearest resistance at 1.4009 - 1.4045.


There's another local 'V-Top" pattern, so the pair is likely going to test the next support at 1.3964 - 1.3928. This area could be a starting point for a bullish price movement towards the closest resistance at 1.3982 - 1.4009.



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