GBP/USD: broken bullish "Pennant"

GBP/USD: broken bullish "Pennant"

12-10-2017-GBP-H4.png

We've got a bullish "Pennant", which has been broken, so the price is still rising. It seems like the pair is ready to test the next resistance at 1.3290 - 1.3342. However, if we see a pullback from this area, there'll be an opportunity to have a decline in the direction of another support at 1.3221 - 1.3182.

12-10-2017-GBP-H1.png

The price faced with resistance at 1.3256, so there's a local consolidation. The 89 Moving Average is likely going to act as support during the day. If so, bulls will probably try to deliver a new local high afterwards.

gbp

Similar

Popular

Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera