GBP/USD: "Thorn" pattern

GBP/USD: "Thorn" pattern


There's a "Thorn" pattern, which has been confirmed, so the price is likely going to test the nearest resistance at 1.3549 - 1.3569. If a pullback from this area happens, we could have a decline towards the closest support at 1.3454.


The market is consolidating between the levels 1.3513 - 1.3454. If we see a pullback from the nearest resistance at 1.3513, there'll be an opportunity to have a downward price movement in the direction of another resistance at 1.3549 - 1.3569.



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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