GBP/USD: price to continue declining

GBP/USD: price to continue declining


The low of the last 'Double Bottom' pattern has been broken. The main intraday target is the next support at 1.2844 - 1.2828. A pullback from this area could be a starting point for an upward correction in the direction of the nearest support at 1.2930 - 1.2953.


There's a 'V-Top' pattern, so the pair is likely going to reach the closest support at 1.2870 - 1.2844 within the next few hours. At the same time, if we have a pullback from these levels, there'll be a green light for a bullish correction to 1.2923 - 1.2953.



Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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