GBP/USD: market to test closest resistance

GBP/USD: market to test closest resistance

15-6-2018-GBP-H4 (2).png

The last 'Double Top' led to the current decline. Meanwhile, it's likely to have an upward correction towards the nearest resistance at 1.3253 - 1.3277. If we have a pullback from this area little later on, there'll be a moment to have another bearish rally.

15-6-2018-GBP-H1 (2).png

It seems like there's a 'Thorn'. If this pattern confirms, it'll be time for an upward correction. So, we should keep an eye on the closest resistance at 1.3253 - 1.3277 as a possible starting point for a decline.



Latest news

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...


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