GBP/USD: market is still consolidating

GBP/USD: market is still consolidating

4-5-2018-GBP-H4.png

The market is still consolidating. It's likely that the pair is going to achieve the next support at 1.3493 - 1.3457 in the coming hours. However, if we see a pullback from these levels, there'll be a moment to have an upward correction in the direction of the nearest resistance at 1.3549 - 1.3612.

4-5-2018-GBP-H1.png

There's a consolidation, which is taking place under the Moving Averages. The main intraday target is the closest support at 1.3493 - 1.3457. Meanwhile, a pullback from this area could be a starting point for a bullish price movement towards the 55 Moving Average.

gbp

Similar

Popular

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera