GBP/USD: pair to continue moving down

GBP/USD: pair to continue moving down

13-6-2018-GBP-H4.png

The market is consolidating between the levels 1.3471 - 1.3344. It's likely that the pair is going to continue moving down in the short term. The main intraday target is the next support at 1.3300 - 1.3253.

13-6-2018-GBP-H1.png

The last 'Double Top' pattern led to the current decline. All the Moving Averages have been broken. However, there's an opportunity to have an upward correction towards the closest resistance at 1.3344 - 1.3354.

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