GBP/USD: price to test the next resistance
If a pullback from 1.2950 - 1.2953 happens next, bears will probably try to reach the previously tested support...
GBP/USD: bears going to test nearest support
The price is consolidating between the levels 1.2830 - 1.2911. Meanwhile, bears are likely going to test the nearest support at 1.2853. If we have a pullback from this level, there'll be an option to have a bullish price movement in the direction of the next resistance at 1.2932 - 1.2951.
There's a consolidation, which is taking place near the Moving Averages. The market is likely going to reach the closest support at 1.2853 during the day. At the same time, if we have a pullback from this level, bulls will have a green light to catch another resistance at 1.2926 - 1.2932.
Sergey Logachev
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