GBP/USD: local 'V-Top' pattern

GBP/USD: local 'V-Top' pattern

26-4-2018-GBP-H4.png

There's a local 'V-Top' pattern, so the market is likely going to test the closest support at 1.3873 - 1.3856. Meanwhile, if a pullback from this area happens little later on, bulls will probably try to achieve another resistance at 1.3964 - 1.3982.

26-4-2018-GBP-H1.png

The price is consolidating near the 34 Moving Average. It's likely to have a local correction during the day. Even so, bears are likely going to deliver a new local low afterwards.

gbp

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