GBP/USD: 'Double Bottom' pushing price higher

GBP/USD: 'Double Bottom' pushing price higher


We've got a 'Double Bottom', so the price is rising. So, it's likely that the price is going to reach the nearest resistance at 1.2851 - 1.2877. This area could be a departure point for a decline towards the next support at 1.2722 - 1.2705.


The pair is consolidating under the Moving Averages. Previously, we had a 'Double Bottom', so we're likely going to have an upward correction. In this case, we should keep on track the closest important resistance at 1.2851 as an intraday target.



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GBP/CAD is insatiable

GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.

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