The market is going to test the closest support at 1.4069 - 1.4027. If a pullback from these area happens little later on...
GBP/USD: confirmed "Double Top"
We've got a "Thorn" pattern, which pushed the price to support at 1.2793. Meanwhile, the pair is likely going to test the next support at 1.2757. If a pullback from this level happens, there'll be an option to have an upward price movement in the direction of the local downtrend.
There's a "Double Top" pattern, which has been confirmed. Therefore, the pair is likely going to test the nearest support at 1.2757 during the day. At the same time, if we see a pullback from this level, bulls will have a green light to achieve the next resistance at 1.2860 - 1.2871.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.