GBP/USD: bearish correction to begin soon

GBP/USD: bearish correction to begin soon

31-7-2018-GBP-H4.png

The pair is still consolidating under the Moving Averages. The main intraday target is the 89 Moving Average. If a pullback from this line forms little later on, there'll be a green light for a bearish correction.

31-7-2018-GBP-H1.png

It's likely to have a bearish correction towards the nearest support at 1.3127 - 1.3112. This area could be a departure point for an upward price movement towards the next resistance at 1.3157 - 1.3176.

gbp

Similar

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera