GBP/USD: price broken all Moving Averages

GBP/USD: price broken all Moving Averages

14-12-2017-GBP-H4.png

We've got a confirmed "Triple Bottom", so the price has broken all the Moving Averages. The main intraday target is the next support at 1.3408 - 1.3386. Meanwhile, if a pullback from this area happens, bulls will probably try to reach the nearest resistance at 1.3479 - 1.3519.

14-12-2017-GBP-H1.png

The pair faced resistance at 1.3454, so the price is consolidating. It's likely that the market is going to reach the closest support at 1.3408 - 1.3398. This area could be a departure point for an upward price movement in the direction of the next resistance at 1.3478.

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