GBP/USD:  market going to test 34 MA

GBP/USD: market going to test 34 MA

30-8-2017-GBP-H4.png

All the Moving Averages have been broken, but there's a "V-Top" pattern, so the market is likely going to test the 34 MA. If a pullback from this line happens little later on, bulls will have a green light to catch the next resistance at 1.2959 - 1.2989.

30-8-2017-GBP-H1.png

Bears faced support at 1.2916, so the price is consolidating. Meanwhile, there's a "Flag", so the price is likely going to reach the 89 Moving Average in the short term.

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