GBP/USD: bears to test the next support

GBP/USD: bears to test the next support

24-4-2018-GBP-H4.png

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.

24-4-2018-GBP-H1.png

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.

gbp

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