GBP/USD: pullback from MAs led to decline

GBP/USD: pullback from MAs led to decline

13-7-2018-GBP-H4.png

All the Moving Averages have been broken. The main intraday target is the closest support at 1.3094 - 1.3069. Also, this area is likely going to be a starting point for a bullish price movement towards the next resistance at 1.3159 - 1.3170.

13-7-2018-GBP-H1.png

The last pullback from the Moving Averages led to the current decline. Meanwhile, it's likely to have a correction towards the nearest resistance at 1.3143 - 1.3156. If a pullback from this area happens afterwards, bears will probably try to reach another support at 1.3114 - 1.3094.

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