GBP/USD: bulls to reach the closest resistance

GBP/USD: bulls to reach the closest resistance

28-6-2018-GBP-H4.png

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.

28-6-2018-GBP-H1.png

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.

gbp

Similar

GBP/USD: another 'V-Top' pattern

The pair is going to test the nearest support at 1.2684 - 1.2661. In this case, we could have a new local low within the next few hours...

gbp

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.

gbp

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