There' a "V-Top" pattern, so the pair is likely going to test the closest support at 1.3996 - 1.3979. Meanwhile, if a pullback...
GBP/USD: resistance waiting for bulls
Bulls faced resistance at 1.3013, so the pair is likely going to achieve the nearest support at 1.2976 - 1.2964. If a pullback from this area happens, we could have another bullish rally towards the next resistance at 1.3056.
There's a consolidation, which is taking place under resistance at 1.3013. Therefore, the market is likely going to test the nearest support at 1.2976 - 1.2964. Meanwhile, if a pullback from these levels happens, bulls will have a green light to test resistance at 1.3046 - 1.3056.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.