GBP/USD: pair going to test closest support

GBP/USD: pair going to test closest support

20-3-2018-GBP-H4.png

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.

20-3-2018-GBP-H1.png

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.

gbp

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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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