GBP/USD: "Double Top" stopped bulls

GBP/USD: "Double Top" stopped bulls

3-7-2017-GBP-H4.png

The price is consolidating between the levels 1.3046 - 1.2976. Also, we've got two "V-Top" patterns in a row, so the pair is likely going to test the closest support at 1.2976 - 1.2947. If a pullback from this area happens afterwards, bulls will have a green light to catch the next resistance at 1.3046 - 1.3056.

3-7-2017-GBP-H1.png

There's a consolidating, which is taking place under resistance at 1.3012 - 1.3028. In this case, bears are likely going to reach the nearest support at 1.2976 - 1.2947. Considering a possible pullback from this area, we should keep in mind the next resistance at 1.3046 - 1.3056 as an intraday bullish target.

gbp

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