GBP/USD: resistance waiting for bulls

GBP/USD: resistance waiting for bulls

GBP/USD: resistance waiting for bulls

There's a possible "V-Bottom" pattern, so the market is likely going to rise towards resistance at 1.3023. At the same time, there's an opportunity to have a downward correction later on, so we should keep an eye on support at 1.2945 as an intraday target.

GBP/USD: resistance waiting for bulls

The pair is consolidating between resistance at 1.2995 and support at 1.2945. Nevertheless, bulls are likely going to test the closest resistance at 1.2995 - 1.3023. If a pullback from this area happens, we could have a decline in the direction of support at 1.2952 - 1.2935.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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