GBP/USD: pair to test nearest resistance

GBP/USD: pair to test nearest resistance


The main trend is still bullish, so we should keep on track the next resistance at 1.4314 - 1.4344 as an intraday target. If we see a pullback from these levels, bears are likely going to achieve the closest support at 1.4217 - 1.4199.


There's a new local high. It's likely that the pair is going to test the nearest resistance at 1.4314 - 1.4344, which could be a starting point for a decline towards another support at 1.4217 - 1.4199.



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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