GBP/USD: bulls to reach the closest resistance

GBP/USD: bulls to reach the closest resistance


The pair faced with support at 1.3061, so it's likely to have a bullish correction in the direction of the nearest resistance at 1.3101 - 1.3143. Meanwhile, a pullback from these levels could be a starting point for a decline towards the next support at 1.3038 - 1.3026.


We've got a local 'V-Bottom', so bulls are likely going to reach the closest resistance at 1.3101 - 1.3126 in the coming hours. At the same time, if we see a pullback from this area afterwards, there'll be a green light for a bearish price movement in the direction of the last low.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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