GBP/USD: 'Thorn' pattern led to consolidation

GBP/USD: 'Thorn' pattern led to consolidation


The price is consolidating because of the last 'Thorn' pattern. Even so, we should keep an eye on the nearest resistance at 1.3081 - 1.3102 as the next bullish target. A pullback from this level could be a starting point for a decline towards 1.3027 - 1.2982.


The market is consolidating under the 34 Moving Average. It's likely that the pair is going to test the closest support at 1.3027 - 1.3006. If a pullback from these levels happens next, there'll be a moment to have another bullish price movement.



Latest news

GBP/CAD is insatiable

GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera