GBP/USD: bullish "Thorn"

GBP/USD: bullish "Thorn"

12-6-2017-GBP-H4.png

We've got a bullish "Thorn", so the price is consolidating. In this case, we should keep an eye on the nearest support at 1.2705 as an intraday target. If a pullback from this level happens, bulls will probably try to test the next resistance at 1.2793 - 1.2830.

12-6-2017-GBP-H1.png

The price is consolidating between the levels 1.2768 - 1.2705. In this case, bears are likely going to reach the nearest support at 1.2705 during the day. If we see a pullback from this level, there'll be an option to have a new local high.

gbp

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