GBP/USD: resistance by "Triple Top" pattern

GBP/USD: resistance by "Triple Top" pattern

24-11-2017-GBP-H4.png

The bullish rally has been stopped by resistance of the last "Triple Top" pattern. Nevertheless, the market is likely going to continue moving up towards the next resistance at 1.3336 - 1.3370. If a pullback from this area happens, we could have a decline in the direction of the nearest support at 1.3298 - 1.3278.

24-11-2017-GBP-H1.png

The price is consolidating between the levels 1.3336 - 1.3278. The main intraday target is the next support at 1.3298 - 1.3278. At the same time, if a pullback from these levels happens afterwards, bulls will probably try to test the next resistance at 1.3336 - 1.3370.

gbp

Similar

EUR/USD: possible ending diagonal

We're likely going to have wave [iii] inside this pattern. So, we should keep an eye on +2/8 MM Level as the next bullish target...

Popular

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera