GBP/USD: 'V-Top' pattern points to decline
We should keep an eye on the 34 MA as an intraday target. A pullback from this line could be a departure point for...
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.
Sergey Logachev
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