GBP/USD: bearish "Pennant"

GBP/USD: bearish "Pennant"

28-9-2017-GBP-H4.png

There's a downward "Wedge", so the market is likely going to decline towards the nearest support at 1.3328 - 1.3278. If a pullback from this area happens little later on, there'll be an opportunity to have an upward price movement in the direction of the closest resistance at 1.3444 - 1.3479

28-9-2017-GBP-H1.png

We've got a consolidation, which is taking place under the 34 Moving Average. Also, there's a "Pennant", so bears are likely going to decline towards the next support at 1.3328 - 1.3278. Meanwhile, if a pullback from these levels arrives afterwards, bulls will try to test the nearest resistance at 1.3374 - 1.3404.

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