GBP/USD: pair going reach next resistance

GBP/USD: pair going reach next resistance

29-11-2017-GBP-H4.png

Bulls faced with resistance at 1.3454, so there's a local correction. Nevertheless, the pair is likely going to reach the next resistance at 1.3480 - 1.3513 in the short term. If a pullback from these levels happens, there'll be time for a decline.29-11-2017-GBP-H1.png

The price found resistance at 1.3453, so we've got a "V-Top" pattern. In this case, we're likely going to have a decline towards the nearest support at 1.3382. If a pullback from this level happens little later on, bulls will probably try to test the next resistance at 1.3454 - 1.3480.

gbp

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