GBP/USD: market to test the nearest resistance

GBP/USD: market to test the nearest resistance


Bears faced support at 1.2839, so the pair is consolidating. In this case, it's likely that the market is going to test the nearest resistance at 1.2930 - 1.2953. The following pullback from this area could lead to another decline in the direction of the next support at 1.2852 - 1.2830.


The market is consolidating between the levels 1.2921 - 1.2830. The main intraday target is the next support at 1.2866 - 1.2852. If a pullback from these levels happens next, bulls will probably try to reach another resistance at 1.2930 - 1.2953.



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