GBP/USD: bulls going to deliver new local high

GBP/USD: bulls going to deliver new local high

7-6-2017-GBP-H4.png

Bulls faced resistance at 1.2945, so the price is consolidating. However, the price is likely going to test the next resistance at 1.2945 - 1.2964 in the short term. If a pullback from this area happens, we should keep an eye on the nearest support at 1.2913 - 1.2887 as an intraday target.

7-6-2017-GBP-H1.png

The price hasn't broken resistance at 1.2932, so bears are likely going to test support at 1.2887 in the coming hours. However, if we see a pullback from this level, bulls will have a chance to reach the next resistance at 1.2964.

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