GBP/USD: pair consolidating under Moving Averages

GBP/USD: pair consolidating under Moving Averages


The market is still consolidating under Moving Averages. It's likely that the pair is going to test the next support at 1.3457 - 1.3419 soon. Meanwhile, a pullback from this area could be a starting point for a bullish correction.


There's a consolidating, which is taking place between the levels 1.3457 - 1.3612. Also, there's a 'Double Top', which has been formed on the 89 Moving Average. So, the price is likely going to achieve the nearest support at 1.3450 - 1.3419 in the coming hours.



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