GBP/USD: local 'V-Top' pattern

GBP/USD: local 'V-Top' pattern


There's a local 'V-Top', so the market is likely going to test the nearest support at 1.2811 - 1.2798 within the next few hours. A pullback from these levels could lead to a bullish price movement towards the next resistance at 1.2911 - 1.2935.


The market is consolidating along the Moving Averages. It's likely that the pair is going to test the closest support at 1.2811 - 1.2798. This area could be a departure point for an upward price movement to another resistance at 1.2911 - 1.2935.



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