GBP/USD: 'Thorn' pattern points to correction

GBP/USD: 'Thorn' pattern points to correction


There's a 'Double Bottom', which led to the current upward price movement. However, we've got a 'Thorn' pattern, so there's a moment to have a downward correction. In this case, we should watch the nearest support at 1.2953 - 1.2930 as an intraday target


The pair is consolidating above the Moving Averages. Also, there're three 'V-Top' pattern in a row, so the price is likely going to test the closest support at 1.2953 - 1.2930 shortly. The following pullback from this area could lead to another bullish rally.



Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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