GBP/USD: pair to test the next resistance

GBP/USD: pair to test the next resistance


Bulls faced with resistance at 1.3344, so there's a 'V-Top' pattern. Nevertheless, the pair is going to test the next resistance at 1.3380 in the short term. If we see a pullback from this level, there'll be time for another decline.


We've got a 'V-Bottom', so the market is going to reach the nearest resistance at 1.3363 - 1.3377 in the short term. Even so, if a pullback from this area happens next, bears will probably try to deliver a decline towards the last low.



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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