GBP/USD: "Thorn" pattern

GBP/USD: "Thorn" pattern

23-3-2018-GBP-H4 (1).png

There's a "Thorn" pattern, so the market is going to test the closest support at 1.4069 - 1.4027. If a pullback from these area happens little later on, there'll be an opportunity to have a bullish price movement.

23-3-2018-GBP-H1 (1).png

The last "Thorn" pattern led to the current decline. The main target is the 89 Moving Average, which could be a starting point for another bullish rally.

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