GBP/USD: pair to test the closest support

GBP/USD: pair to test the closest support

17-4-2018-GBP-H4 (1).png

The main trend is still bullish. At the same time, there's a 'Thorn' pattern, so the market is likely going to test the nearest support at 1.4314 - 1.4285. This area could be a starting point for a bullish price movement towards the next resistance at 1.4386 - 1.4433.

17-4-2018-GBP-H1 (1).png

There's a 'V-Top" pattern, so the pair is likely going to test the closest support at 1.4295 - 1.4285. Meanwhile, if a pullback from these levels forms little later on, there'll be an opportunity to have another upward price movement.

gbp

Similar

EUR/USD: bullish 'High Wave'

We could have an upward correction in the short term. However, if a pullback from the nearest resistance happens next...

eur
GBP/USD: local 'V-Top' pattern

The market is likely going to test the closest support at 1.3873 - 1.3856. Meanwhile, if a pullback from this area happens little later on...

gbp

Popular

Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera