GBP/USD: consolidation along MA

GBP/USD: consolidation along MA

26-2-2018-GBP-H4 (2).png

All the Moving Averages have been broken. Meanwhile, it's likely that the pair is going to test the nearest resistance at 1.4011 - 1.4066. If a pullback from these levels happens afterwards, we could have a bearish price movement in the direction of another support at 1.3915 - 1.3835.

26-2-2018-GBP-H1 (2).png

The price is consolidating along the Moving Averages. The main intraday target is the closest support at 1.3930, which could be a departure point for a bullish price movement towards the nearest resistance at 1.4011 - 1.4048.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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