GBP/USD: bulls going to reach the next support

Bears faced support at 1.2817, but the pair is likely going to reach the next support at 1.2793 - 1.2768. Meanwhile, if we have a pullback from this area, there'll be an option to have an upward price movement in the direction of the 89 Moving Average.

The price is consolidating near the last "Pennant" pattern. Also, there's support at 1.2817. In this case, the price is likely going to reach the nearest support at 1.2793 - 1.2768 during the day. However, if we see a pullback from these levels, bulls will have a green light to achieve resistance at 1.2830 - 1.2860.

gbp

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