GBP/USD: confirmed 'Triple Bottom'

GBP/USD: confirmed 'Triple Bottom'

3-4-2018-GBP-H4.png

There's a 'Double Bottom', which has been formed between the Moving Averages. It's likely that the pair is going to test the nearest resistance at 1.4144 - 1.4199, which could be a starting point for a bearish price movement towards the next support at 1.3982.

3-4-2018-GBP-H1.png

We've got a confirmed 'Triple Bottom', so bulls are likely going to test the nearest resistance at 106.63 - 107.00 in the short term. Meanwhile, if a pullback from these levels happens little later on, there'll be a moment for a decline.

gbp

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