GBP/USD: price consolidating along MA

GBP/USD: price consolidating along MA


The price is consolidating along the Moving Averages. The main intraday target is the next support at 1.3835. If a pullback from this level happens, there'll be a moment for a bullish price movement towards another resistance at 1.4011 - 1.4066.


The pair has been declining since the last "V-Top" pattern formed. It's likely that the market is going to test the nearest support at 1.3875 - 1.3835 in the coming hours.



GBP/USD: "Thorn" pattern

The market is going to test the closest support at 1.4069 - 1.4027. If a pullback from these area happens little later on...



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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