GBP/USD: bears broke "Triangle"

The last “Triangle” has been broken, so bears found a support at 1.2376. At the same time, we’ve got a “V-Bottom”, so the pair is likely going to test the 89 Moving Average. If a pullback from this line happens, there’ll be a chance to have a downward price movement in the direction of the next support at 1.2334 – 1.2323.

There’s a “V-Bottom” pattern, which has been confirmed. Under this circumstances, bulls are likely going to reach the closest resistance at 1.2418 – 1.2432. If a pullback from these levels be on the table, we should keep an eye on the closest support at 1.2334 – 1.2323 as an intraday target.

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