GBP/USD: "Double Bottom" pattern

GBP/USD: "Double Bottom" pattern

1-2-2018-GBP-H4.png

There's a "Double Bottom", so the market is likely going to reach the closest resistance at 1.4344. If a pullback from this level happens afterwards, there'll be a moment to have a downward correction.

1-2-2018-GBP-H1.png

Bulls faced resistance at 1.4284, but the market is likely going to continue moving higher in the short term. The main intraday target is the next resistance at 1.4344 - 1.4386.

gbp

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