GBP/USD: possible "Tripe Top"

GBP/USD: possible "Tripe Top"

1-12-2017-GBP-H4.png

The market found resistance at 1.3469, so the pair is likely going to test the nearest support at 1.3513 - 1.3480 in the coming hours. However, if a pullback from this area forms afterwards, we could have another upward price movement in the direction of the next resistance at 1.3595 - 1.3618.

1-12-2017-GBP-H1.png

There's a possible "Tripe Top", which hasn't been finished yet. If this pattern confirms, bears are likely going to reach the nearest support at 1.3513 - 1.3480, which could be a departure point for another bullish price movement.

gbp

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GBP/USD: "V-Top" pattern

We're likely going to have a downward correction. It's likely that bears are going to test the closest support at 1.4066 during the day...

gbp

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