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.



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GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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