GBP/USD: pair is consolidating

The pair is consolidating between the levels 1.3450 - 1.3344. Also, there's a 'V-Top' pattern, so the market is likely going to test the closest support at 1.3344 - 1.3380. A pullback from this area could be a departure point for another bullish rally.

There's a 'V-Top', so the pair is declining. The main intraday target is the nearest support at 1.3332 - 1.3301. If we have a pullback from these levels afterwards, there'll be an opportunity to have a bullish price movement in the direction of the next resistance at 1.3401 - 1.3419.

Sergey Logachev

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