GBP/USD: three bullish "Thorns" in a row

GBP/USD: three bullish "Thorns" in a row


There are three bullish "Thorn" patterns in a row, so the price is rising. The main intraday target is the next resistance at 1.3336 - 1.3370. If a pullback from these levels happens little later on, there'll be an option to have a decline in the direction of the nearest support at 1.3298 - 1.3278.


There's a "Triangle" pattern, which upper side has been broken, so the price is still rising. It's likely to have a bearish correction in the short term. However, if we have a pullback from the closest support at 1.3298 - 1.3278, we could have just another bullish rally.



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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