GBP/USD: price broke 'Triangle'

GBP/USD: price broke 'Triangle'


We've got a 'Triangle', which lower side has been broken. However, it's likely to have a correction towards the closest resistance at 1.3101 - 1.3131 in the short term. This area could be a departure point for a decline in the direction of the next support at 1.3047 - 1.3008.


The market is declining after a few days of consolidation along the Moving Averages. At the same time, there's a bullish 'Thorn' pattern, so the pair is likely going to test the nearest significant resistance at 1.3112. If a pullback from this level happens little later on, bears will probably try to reach another support at 1.3047 - 1.3032.



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