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

Similar

Popular

EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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