GBP/USD: pair going to test next resistance

GBP/USD: pair going to test next resistance

30-3-2018-GBP-H4.png

There's a 'V-Bottom', which has been formed on the 55 Moving Average. The main intraday target is the nearest resistance at 1.4144, which could be a departure point for a downward price movement towards the closest support 1.3982 - 1.3928.

30-3-2018-GBP-H1.png

We've got a 'Triple Bottom' pattern, so the market is likely going to reach the nearest resistance at 1.4133. If a pullback from this level forms afterwards, bears will probably try to achieve the next support at 1.4027 - 1.3982.

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