GBP/USD: bears to test the next support

GBP/USD: bears to test the next support


The pair found support at 1.3928, so there's a consolidation, which is taking place on the four-hour chart. Nevertheless, bears are likely going to test the next support at 1.3888 - 1.3873 in the coming hours.


There's an opportunity to have a local upward correction because the pair faced with support at 1.3928. So, we should keep an eye on the nearest resistance at 1.3964 - 1.3982, which could be a departure point for another decline.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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