GBP/USD: consolidation between the Moving Averages

GBP/USD: consolidation between the Moving Averages

14-5-2018-GBP-H4.png

It seems like there's a 'Triple Bottom'. If this pattern confirms, the price is likely going to reach the nearest resistance at 1.3656 - 1.3711. A pullback from this area could be a starting point for a decline.

14-5-2018-GBP-H1.png

The price is consolidating between the Moving Averages. It's likely that the market is going to test the closest support at 1.3549 - 1.3531 within the next few hours. However, if a pullback from these levels forms afterwards, bulls will probably try to break the last local high.

gbp

Similar

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

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

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

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