GBP/USD: confirmed 'V-Top' pattern

GBP/USD: confirmed 'V-Top' pattern


The market is consolidating along the Moving Averages. Previously, we had a 'Thorn' pattern. There's also a 'V-Top', which has been confirmed, so the price is likely going to test the next support at 1.2953 - 1.2930 within the next few hours.


There's another pullback from 1.3020, so we've got a 'V-Top' pattern, which has confirmation. In this case, it's likely to have a decline shortly. In this case, we should watch the nearest support at 1.2953 - 1.2930 as an intraday target.



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