GBP/USD: bullish "Thorn"

GBP/USD: bullish "Thorn"

17-11-2017-GBP-H4.png

There's a bullish "Thorn", which led to forming a new local high. The main intraday target is the next resistance at 1.3278 - 1.3298. Meanwhile, if a pullback from these levels arrives afterwards, bears will probably try to reach another support at 1.3238 - 1.3213.

17-11-2017-GBP-H1.png

Bulls have broken the local downtrend line, so the price is rising. It's likely that the pair is going to achieve the next resistance at 1.3278 - 1.3298 during the day. This area could be a departure point for a bearish correction in the direction of the closest support at 1.3238 - 1.3213.

gbp

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