GBP/USD: 'Pennant' pushed the price higher

GBP/USD: 'Pennant' pushed the price higher


The pair is consolidating under the Moving Averages. It's likely that the price is going to test the next resistance at 1.3216. If we have a pullback from this level, there'll be a moment for a decline towards the nearest support at 1.3143 - 1.3101.


The last 'Pennant' pushed the price higher. Meanwhile, it's likely to have a correction in the short term. So, we should keep an eye on the nearest support at 1.3127 as a possible starting point for another bullish rally.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


Deposit with your local payment systems


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