GBP/USD: local 'V-Top' pattern

GBP/USD: local 'V-Top' pattern

17-5-2018-GBP-H4.png

The pair is consolidating between the levels 1.3457 - 1.3612. It seems like there's a 'V-Top' pattern. In this case, the market is likely going to test the next support at 1.3457 - 1.3419 soon.

17-5-2018-GBP-H1.png

There's a 'Double Top' pattern, which has been formed on the 89 Moving Average, so the price is declining. The nearest bearish target is the closest support area at 1.3450 - 1.3419.

gbp

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