GBP/USD: "Thorn" pattern

GBP/USD: "Thorn" pattern

19-12-2017-GBP-H4 (1).png

There's a "Thorn" pattern, which has been formed under the 34 Moving Average. The main intraday target is the closest resistance at 1.3408 - 1.3454, which could be a departure point for another decline.

19-12-2017-GBP-H1 (1).png

We've got a "Thorn" pattern, so the price is rising. Meanwhile, if a pullback from the nearest resistance at 1.3430 - 1.3447 happens, there'll be an opportunity to have a decline towards the closest support at 1.3360 - 1.3336.

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