GBP/USD: pair going to test closest support

GBP/USD: pair going to test closest support


The last bullish "Flag" pattern has been broken, so the pair faced with resistance at 1.4069. Also, there's a "V-Top" pattern, so the price is consolidating. Nevertheless, the market is likely going to reach the next resistance at 1.4069 - 1.4144.


There' a "V-Top" pattern, so the pair is likely going to test the closest support at 1.3996 - 1.3979. Meanwhile, if a pullback from these levels happens afterwards, there'll be a moment to have a bullish price movement towards another resistance at 1.4069 - 1.4144.



Latest news

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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