GBP/USD: time for local downward correction

GBP/USD: time for local downward correction


There's a 'V-Bottom', so the price is rising. Meanwhile, it's likely to have a downward correction soon. In this case, we should keep an eye on the closest support at 1.3189 - 1.3170 as a starting point for another bullish rally.


We've got a 'V-Top', which has been confirmed. The main intraday target is the next support at 1.3189 - 1.3170. If a pullback from this area arrives little later on, there'll be an opportunity to have an upward price movement towards the nearest significant resistance at 1.3289 - 1.3309.



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