GBP/USD: bulls going to break the last high

GBP/USD: bulls going to break the last high

4-9-2017-GBP-H4.png

Bulls found resistance at 1.2985, so we've got a "V-Top" pattern, which has been confirmed. If the 89 Moving Average acts as support, the price is likely going to test another resistance at 1.2989. If a pullback from this level happens, bears will probably try to test the nearest support at 1.2932 - 1.2891.

4-9-2017-GBP-H1.png

There's a "V-Top" pattern, which pushed the price to the closest support at 1.2936. Nevertheless, bulls are likely going to break the last high during the day. If the market doesn't fixate above 1.2989 - 1.2994, there'll be an opportunity to have a decline in the direction of the next support at 1.2932 - 1.2916.

gbp

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