GBP/USD: price rising above Moving Averages

GBP/USD: price rising above Moving Averages

2-2-2018-GBP-H4.png

The price is still rising above the Moving Averages. The main intraday target is the next resistance at 1.4344. If a pullback from this level happens afterwards, bears will probably try to test the closest support at 1.4206 - 1.4129.

2-2-2018-GBP-H1.png

Bulls faced with resistance at 1.4284, so the market is going to test the 89 Moving Average. This line could be a departure point for an upward price movement towards the next resistance at 1.4327 - 1.4344.

gbp

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