GBP/USD: confirmed "Thorn" pattern

GBP/USD: confirmed "Thorn" pattern

1-8-2017-GBP-H4.png

The price found resistance at 1.3234, so we should keep an eye on the nearest support at 1.3158 as an intraday bearish target. If a pullback from this level arrived afterwards, there'll be an option to have another bullish rally towards the next resistance at 1.3277.

1-8-2017-GBP-H1.png

We've got a "Thorn" pattern, which has been confirmed. So, the pair is likely going to test the closest support at 1.3184 - 1.3175 during the day. Meanwhile, if a pullback from this area happens, bulls will probably try to reach another resistance at 1.3234 - 1.3277.

gbp

Similar

Popular

EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera