GBP/USD: 'Pennant' pattern has been broken

GBP/USD: 'Pennant' pattern has been broken

20-4-2018-GBP-H4.png

The main trend is still bullish, but the pair is declining. However, if a pullback from the next support at 1.4009 happens in the coming hours, there'll be an opportunity for an upward price movement.

20-4-2018-GBP-H1.png

There's a 'Pennant' pattern, which has been broken. So, we should keep an eye on the nearest support area at 1.4009 as the next bearish target.

gbp

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